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Just posted 3 new technical shorts on my blog.


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#1 ogm

ogm

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Posted 04 November 2007 - 10:40 PM

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