12 replies to this topic

[Venatici]

Interesting reading and some very valid points. Having said that I would like to comment that in my "reading" of the Dow jones utilities the lower line that defines the channel is already pierced this week. Then again I do not have data prior to 2003, that entry for October 2002 does not seem valid.
P.S. I have followed FF for some time now but only recently decided to register and yes, this is my first entry. :-)

posted an update @ http://xtrends.blogspot.com/

[relax]

well the perception of it coming to end ;-)

The most bearish chart at the moment is the energy and the drillers, they shoot above their channel tops and they are being rejected. If any correction kicks in from here, they will come down really hard, imho...

Interesting that airlines are starting to show some relative strength. Probably the trend of rising fuel costs may be coming to and end.

[traderpaul]

If you are looking for market direction, S&P is not the place......Money will flow from group to group.....You will not see the break down until it is to late.....Sell while the selling is good, not after a break in the trend line.....It is hard to sell while the maket is going up.....