Financial Markets Update 12-27-10

I commence with my gratitude to The One and Only, Who Knows;

You've been forewarned (last week) of today's decline, which ought to continue.

I'll post charts a bit later to show the price zones for support.

(Updated @ 11:00 am PST): If the selling keeps failing to drop the prices, then New Year shall bring the serious correction, and Market shall rise until December's end, while dragging itself higher and trapping so many retail investors. Plus it gives the Big managers (and The FED) to show off the gains for the year.

Financial Markets Forecast 12-23-10

I commence with my gratitude to The Ultimate All-Knower

There is rare pattern in the Financial Markets, called "Mirror Image Fold Back".
In this pattern, there is always one gravity center of the pattern. Art and Tricky part is to determine the gravity center, when it has just developed recently, then it would be easy to forecast the next price move in the subject market.
This is an example of an almost perfect pattern, which is very rare.

What is the next move now??