ShareCrazy.com

Important: see "My Trading Rules" at the foot of this article.

On Wednesday, I wrote to Chart-Guide.com subscribers that the evidence that stock markets world-wide have topped out big time continues to grow.

The classic sell signal at 13,010 is in line with the ending diagonal pattern. Strictly, although the plunge is very linear, it doesn't yet have a complete five down structure, but I guess it's only a matter of time. Assuming it does, short positions are called for - stops at 13,010. Target: at least back to the January lows.

My Trading Rules

I actively trade the FTSE 100, Dow and Gold through spread betting and futures positions. t1ps.com Ltd does not believe that my articles can move the Dow, FTSE 100 or the gold price. If I have an open position or positions on any of the above at the time of publication of an article written by me, the existence of that interest and whether it is long or short will always be declared in the article in the format 'I have a long/short position in the DJIA/the FTSE 100/gold' as appropriate. This is in order to inform readers so that they may assess whether the existence of any such interest may have influenced the content of the article. Such disclosure does not constitute investment advice. The time of publication means the time at which an email containing the article is sent.

After publication of an article containing a disclosure of an open interest as above I may alter, or close the position or positions the subject of the disclosure without restriction. There are no restrictions on the opening of positions provided that any open interest is declared as above.

The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Chart-Guide.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 5-11 Worship Street, London EC2A 2BH or on 020 7562 3370. Futures, CFD and Margined Foreign Exchange trading carries a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far in excess of your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD and Margined Foreign Exchange trading may not be suitable for all customers, therefore ensure you fully understand the risks involved and seek independent financial advice if necessary. Man Financial is authorised and regulated by the Financial Services Authority.

Bill Adlard is the editor of Chart-Guide.com, and renowned as a world expert in detailed Technical Analysis, particularly the area of Elliott Waves. For a complete guide to Elliott Wave and Bill's up to the minute analysis and recommendations, for as little as £90 a year click here.