INDU acting tuckered out. 2% upper envelope starting to contain the up moves/closes.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p00127438153&r=9116.png
INDU
Started by
airedale88
, May 16 2007 10:00 AM
1 reply to this topic
#1
airedale88
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- Traders-Talk User
- 1,708 posts
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Posted 16 May 2007 - 10:00 AM
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
jmicou
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- Traders-Talk User
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Member
Posted 16 May 2007 - 10:05 AM
INDU acting tuckered out. 2% upper envelope starting to contain the up moves/closes.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p00127438153&r=9116.png
There seems to be narrowing participation in the market. Momentum is waning. The NAZ has been experiencing distribution. From the March lows, some of the indexes are on the lower TL and threatening to break through. The small caps looks weak. But, what if it the markets were to go basically sideways while consolidating to work off of the excesses and rebuild energy? That could be the most frustrating thing for bulls and bears.
