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[andr99]

http://13k.imgshare.us/AE.png

it regards the dax, but the inversion points should be the same for the american indexes too

in the rectangules you have the distribution phase at the top that is needed before entering the LT bearish trend lasting till 2014-2015
Bottom in august then bounce back into december and then..........game over

Edited by andr99, 23 May 2013 - 01:39 PM.

[tradesurfer]

my take on that chart is that the DAX might still find enough support at the 8000 range where the old 2007 high shelf was... It might break below that but we have to respect the bullishness of the fact that this market is at lifetime highs.