SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: UncleBigs who wrote (72166)10/17/2006 11:21:14 AM
From: westpacific  Read Replies (2) of 110194
 
INDU, SPX, COMPQ - red closes today on ALL THREE INDEXES.

Sets up a double bearish three candlesticks formation into this serious overbought. On all three indexes!!!!!!! Now that will be unreal.

Also TRAN never confirmed the new DOW high and according to Dow Theory, this is extreme bearish. And it is showing a big reversal today. We still also have a nonconfirmation in the UTIL as well.

The COMPQ topped just 22 points from its PF target!!!! The INDU just 228 points from its PF target!!!!

Lets see how they close it.

INDU close under 11889 area is very serious today.

These are not technicals you will hear on CNBC tonight. LOL.

Then we will run charts and get more technical.

Let us not forget the 1987 and 1929 crashes occured late October..........

West
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext