Notice that these are long term charts rolling over. And these aren't the only 3 stocks with similar setup.
Many many charts look very suspect on weekly/monthly. Big trends are weakening.
If you look at stocks above 200 MA on Decision point. Only 50% of the stocks are trading above their 200 MA right now. That means HALF of the market is in the downtrend already. About the same with bullish %.
http://www.traders-t...?...;blogid=38
Just posted 3 new technical shorts on my blog.
Started by
ogm
, Nov 04 2007 10:40 PM
No replies to this topic