so where are we actually at?, page-9

Just looked at the TA link. The first reason given showed me I looking at an amateur at work. Apparently the top was a double top. Well excuse me but I just can't see it. I see a top at 78c but no double top. I then see a secondary top at 75c in Nov 2010 followed by another secondary top at 75.5c in Jan 2011 thereby making a lower double top which is indeed very bearish.

The analyst appears to fall into the common trap thinking that double and triple tops and bottoms end trends. Common mistake made by the majority of amateur technical analysts. A tripe bottom is mentioned and while this may lead to a bounce it should be temporary before it then turns down and breaks through support on the 4th attempt. The 4th attempt is generally succesful.

As for the line break. The first break of the line often doesn't stop the longterm trend. It may lead to a short term or intermediate term trend before heading to new lows. What it does show is that the downtrend is indeed weakening.

Anyway, that's how I see it.

El Capo