Many ominous signals…

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=9&dy=0&id=p64175392383&a=371393763 The trendline is from mar09.  Broken.  The upper  moving average line is the 50 day SMA and the lower line is the 200 day SMA.  Broken.  We record them…

Continue Reading Many ominous signals…

Temporary cease fire?

  http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p23340123349&a=298224028 Thursday's air pocket  tore a short term hole in the trend and blasted through several trendlines.  The trendlines from Feb and Apr would certainly foretell further damage.  Worse,…

Continue Reading Temporary cease fire?

Viva Brasil! Viva el Dow 17000!

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464   http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p59103334454&a=298224028 In celebration of the nation's 238th birthday the Dow finally got it together to get through the psychological barrier of  17000.  The SPX cooperated by powering…

Continue Reading Viva Brasil! Viva el Dow 17000!

Strangely quiet…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=0&id=p53999843979&a=214966864 We are told that the market has now traversed 42 days with out a move exceeding 1%.  And, furthermore that 82 weeks have passed since the Dow touched…

Continue Reading Strangely quiet…