New falling channels by Chris Kimble | Mar 11, 2011 | Kimble Charting CLICK ON CHART TO ENLARGE New falling channels appear to be forming in the 4-pack above. Rallies should be expected inside of these channels. Key to these channels, can the top of the falling channel be taken out! 3 Comments Andrew on 03/12/2011 at 6:24 AM rooting for 1300, but VIX has a clear rising trend line defined that I would like to see broken to downside, and hoping it stays below 200 day MA Chris Kimble on 03/11/2011 at 8:18 PM Andrew…At this time, anything is possible. Broad market/500 index has found lucky 13 (1,300) to be support at this time. Andrew on 03/11/2011 at 6:12 PM Chris, could this be viewed as a pennant consolidation pattern? In that case, could this actually be a healthy pause?