D11 was only cut as recently as December 2011 with a successful backtest in June 2012 at the confluence of the D6/D8/D10 bottoming zones. D10 was then also cut in September 2012 and has since enjoyed the bottoming zones of D6 & D9 to rally out of the D7 cut in November 2012. This move up is however on borrowed time. The topping zones for D6, D7, D8, D10 and D11 are directly ahead. If D10/D11 does not hold then down we got to test the 2009 low.
That D line stack looks very impressive to me – my ‘ladder’ in all its glory. No much to add to the last chart. If My-Wave rolls over, a cut of D1 should light the fuse. You can pick up D6 at the bottom of this chart in the last chart. The key factor here is that there are no family members above; they are all below and either trying to catch up or not as the case may be!
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