Who says market doesn't fall in a straight line?

On their faces!!

S&P 500 fell from 1340 to 1077 in a perfect straight line after the H&S breakdown and still falling!

STI 08/08/2011 - update

STI trying to break 2872.

If broken might see 2858-2848.

Bullseye.

STI 08/08/2011

STI saw massive gap down and sell off again today.

Now @ 2875.

Support at 2872.

Breakout only able 2945.

Bullseye.

STI 05/08/2011 - update

STI is trying to break 2982.

If breakdown we might see 2967-2957.

Bullseye.

STI 05/08/2011

STI @ 3013.

Massive gap down following DJ 500+ points loss.  Bear flag came true.

Support at 2982.

Breakout only above 3040.

Bullseye.

STI 04/08/2011

STI @ 3119.

A false breakout again yesterday.  I believe STI might be creating a bear flag on daily.  Remain aware of all scenarios.

Support at 3100.

Breakout only above 3153.

Bullseye.

STI 03/08/2011 - update

STI broke out of 3135.

Might head for 3150-3160.

Bullseye.

STI 03/08/2011

STI @ 3124.

STI hit yesterdays targets and exceeded.

Critical support at 3106.

Breakout is above 3135.

Bullseye.

STI 02/08/2011

STI @ 3185.

Yesterday STI broke above the previous high and today it went below.  Looked like a bull trap.

Support at 3173.  A break of which might see 3158-3148.

Breakout only above 3211.

Bullseye.

STI 01/08/2011

STI @ 3215

A break of 3223 might see further upside towards 3239-3249.

Critical support at 3197.

Bullseye.