I'll present the downside case, as I believe a correction is afoot. DE/AD Q's on a solid sell, breadth is bad. Slow Stochastics on a sell, about to break topline support. Inertia looks to be as negatively divergent as it's been in years. (3 charts)
U.F.O.
Pivotal Timeframe
Started by
U.F.O.
, Jul 23 2007 09:30 PM
1 reply to this topic
#1
Posted 23 July 2007 - 09:30 PM
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#2
Posted 24 July 2007 - 12:01 AM
Want more bearish vibes? Read this article with eerie similarities
with summer of 1929...
http://www.safehaven...rticle-8024.htm
with summer of 1929...
http://www.safehaven...rticle-8024.htm
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule