Further Proof for Great Plunge? (2010-06-08 DJI analysis)

As indicated in recent posts, I predict a great tumble of HSI to around 17000 (which is around -12%). Working on analysis on Dow Jones Industrial, I discovered that it would be almost time to prove what I have said.



DJI is actually testing its support at 9826. The downtrend channel further pushes the index downwards. If DJI breaks the red horizontal line, the next support would be at 9423, which is around -4%. However, if we link it to the HSI, DJI should not fall such little. So I might predict a further fall to 8290 instead.