Actually, it seems that just as the January "forecasted double top turned to be a coalescence event, the March forecasted double bottom (in both cases each exceeding the prior one) might be a coalesced one as well. If you remember the "original forecast for the January early February top was 2093 and 2163, if extreme readings do not develop, we got to 2153 (though I turned bearish at 2100, not willing to wait for the last hurrah). The forecasted bottom in March was 1842/50 as a "maginot line" not to be breeched (like the 2163 at the top) and the 1887/1913 as the possible actual bottom, well we are at 1943, and if we do get the coalescence model we are not too far. Right here, I still think that we get a double bottom structure, though, since I have no indications of an impending major bottom coming here (paucity of puts buying a real lacking element in the picture), so I must assume that a DCB from around here (coming out of three consecutive days of extremely low RSI, and three consecutive GNT's on both the Naz and the NYSE) will occur and the real slam will be after the next bounce. We'd better get above 1987 or so on that next ramp, or else, the expected bottom at 1887 may not hold.
