Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jackjc who wrote (26022)	11/22/2006 10:11:37 AM
From: wsw1	Read Replies (2) of 78421

along with the Dollar about to head lower, i believe the DOW is seriously heading lower...i don't know how much longer Hank and his PPT can artificially prop these markets: stockcharts.com i'm sure all of you are familiar with the DIA as a proxy for the DOW...well, you can see here that the market is overbought and the RSI is negatively diverging while DIA makes new highs...that is a foreshadowing of a move lower...it may not happen tomorrow, or next week, but it's coming... volume is also not increasing that much as DIA makes new highs...it's kind of flat, so the enthusiasm and strength of these new all-time highs is not inherent in this move...another bearish negative divergence... disclaimer: i'm holding DIA puts...

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