Kudos to those who heeded to my warning posted at http://tact888.blogspot.com/2010/01/yangzijiang-triple-divergence.html regarding MACD, RSI and stochastics showing divergence. This was confirmed when the support at the pink zone broke down and headed for the next support at the light blue zone. This double top confirmation support zone was also demolished after an attempt to turn upwards failed.
Now reversal is being tested at the green support zone and the red channel support. A dead cat bounce will meet resistance at the light blue zone and if there is a miracle and the dead cat lives again the next resistance is the 50SMA followed by the pink resistance zone.
However, if the dead cat is truly dead then it will drop to the next orange support zone followed by the blue channel support.
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