Market preview

        

         Santa Rally might over, but the Grand Rally (since 6th of March 2009) might not yet .

        

         What do we need when the current picture is not impulsive and we are involved in counting waves and waves and waves,but corrective (till now) and unclear?

         We are looking for other instruments for help.

        

          As Elliott Wave Principle  followers, sometime we forget  the basic, and very well proved Charles Dow's theory. The Dow theory has been around for almost 100 years, yet even in today's volatile market, the basic components and patterns are still remain valid. The Dow theory, like the E.W. Theory  addresses not only technical analysis and price action, but also market philosophy.

      

        While I was previewing  few charts in daily base yesterday, a small lamp blinked over my head...(again)

I saw  it  in early August, but didn't pay it much attention.

         I've enclosed few charts; Just take a look at the first one - the main one.

      

 Isn't that the first one classical pattern we've learn about: Of course- HEAD AND SHOWLDERS.

As most of you know that's the formation, which has very high probability- about 90%,as much as in EWT.     

                                                                          One more chart:

 One more:

One more:

And one more:

 How do you think :

Don't they look like a big twin family?