>>Just a friendly warning. The markets are forming a double-top & inverse head & shoulders.
>>http://finance.yahoo.com/q/bc?t=3m&s=%5Edji+%5Egspc+%5EIXIC+%5ERUT
>>
>>This is not yet confirmed but I suggest all investors tread very carefully.
>
>How often has this formation been previously identified correctly and subsequent price movements observed, one way or or the other? i.e. where is the real statistical evidence that this has any meaning or ability to predict subsequent price movements whatsoever? Show me where it happened a statistically significant number of times previously with a statistically significant price movement subsequently. Without that information this is an utterly useless exercise in FUD.

Updated to fix my timeline.

I take issue with your FUD characterization, as I am not engaging in fear, nor uncertantity. I am certain that a significant move (+- 5%) is coming in short order (by the end of this month) and I suggest being careful not scared. One of those indicators points to a big upside.

I'll leave "real statistical evidence" to the experts. I am an amateur who learns, especially from recent history.
http://www.wyattresearch.com/article/russell_2000_double_top_dominates_immediate_picture/14279

I posted in the chatter forum, not news. ;)