The chart already told us where is today's low ?

The chart already told us where is today's low ? Isn't it ? See the chart below: Today's NASDAQ's low 1745.38, and the year line value for today is 1745.34. See, it is exactly predictable !!!! That's the beauty of chart reading. That's why I always read the chart all the time !

This market correction is no surprise at all ! On June 12, 2009, I pointed out the market top of 1879.92. Here is the old post to review. I also quote some below:

"As mentioned last niht, the magic green line has kept the bulls under 4 days, today will be the 5th day.Euro hitted a high, then a big down last night and now is about 1.39.Oil is around 70. Gold ~ 939.Shang Hai index down ~1.9%, and all European stock markets are down now.Fortunately, we forcasted this morning's gap down correctly. Hope you have taken some profits yesterday, or set up some short positions yesterday.Based on the moving pattern of QID this morning, I feel that yesterday 's 1,879.92 of NASDAQ may be a top/high for some time."

So far, 1879.92 has been a top for almost a Month! There is no magic for such predictions ! Again, it's the chart reading ! The chart already told us the story. To be specific, I have mentioned the magic green line several times ...

What the market doing now actually is quite simple: trying to retest the year line of NASDAQ and see if the breakout of the year line, about 5 weeks ago, is real ? So, the story should be quite simple in the next few weeks...