Update - Diamond formation - 04-05-2010

For now the pattern is rolling and has a target in the 1150 zone. Let´s see tomorrow what will happen.

http://market-ticker.denninger.net/archives/2271-Does-Anyone-Remember-1931.html - Great Article

Update - Diamond formation - 03-05-2010

Monday and besides first monday of the month was bullish, but... it seems a little bit forced. My guess is that some distribution took places and the rest of the week we will resume downtrend.

Red Alert - Diamond Pattern S&P500

Carefull on the called bulish monday. It may be everything less bullish. Look @ these pattern developing.

Australian Index - Diamond Top Formation

Fica o gráfico, onde se pode verificar esta figura de inversão de tendência ou de topo.