5 replies to this topic

[Mr Dev]

Its short term technicals are the worst of all the majors and should lead the way to the downside tomorrow. If the dow is down sharply just allow the others time to sell off by end of day as the Dow should deteriorate.

[CLK]

I guess I'll have to put out a small DJX short for a hedge, just in case.

[thespookyone]

Its short term technicals are the worst of all the majors and should lead the way to the downside tomorrow.

If the dow is down sharply just allow the others time to sell off by end of day as the Dow should deteriorate.

Well, it has lead for 7 years now, I don't want to fight that current. I agree, the Dows internals are rough, and it takes the rest down with it.

[jmicou]

Its short term technicals are the worst of all the majors and should lead the way to the downside tomorrow.

If the dow is down sharply just allow the others time to sell off by end of day as the Dow should deteriorate.

Well, it has lead for 7 years now, I don't want to fight that current. I agree, the Dows internals are rough, and it takes the rest down with it.

Usually, the DOW MCSUM rolls over and diverges with price before price turns down for a significant pull back. That has not happened, yet. What if there were sector rotation at this juncture in the bull market?

Edited by jmicou, 22 May 2007 - 12:05 AM.

[calmcookie]

Although TA says that the DOW "has to go down" ... just don't think it's ready for a significant correction ... not yet. OMHO Soon see. Good luck everyone.

[Mr Dev]

For those that didn't believe me then ...you probably didn't believe me now. June 4th Dow -200 points minimum

When will they learn .... Mr Dev is not a good fade,... even in the best Bull Market of all time he still makes dough.