IMHO based on what??????
Your opinion.
Thats like saying "IMHO I think the sun sets tonight".
Back it up with cold hard facts, what charts are you basing this on.
So many useless posts on boards these days. This is not directed at you, I post great sruff, but at everyone, state facts to back up what you see or say.
Please!
Here is a fact, everyone keeps talking about Transports breaking down, they are so oversold, I see a normal correction, so far.
Transports - 4366
B Band monthly 4255
DMA Monthly 3673
Weekly MACD -100 most oversold in 4 years!
Daily 400 point drop in one month, six red sessions so far.
PF channel - intact, target potential 4150/anyone can see this chart short how OVERBOUGHT the Transports were, why CHINA, INDIA, BRAZIL........
Bearish - we did do a DMA crossunder on October 1st.
In 1998/1999/2001-2001 this index did the same thing, corrected, big rally, corrected, big rally. We have A correction and everyone screams GAME OVER. Break 4255, ok, start screaming. We could easily see another lower high on this index..........say 5000ish. EASY.
Just a little mad is all, with what I have read this past week, all over the net.
West |
