Bornedog,
(borne: past participle of BEAR)
Short everything. If your mother is taller than 5'6"...short yer mom.
The technical picture of the Dow turned a corner on Friday.
For those of you with SMI, put these parameters on one pane;
8, 21, 13
13, 25, 2
5, 3, 5
4, 2, 3
3, 2, 1
2, 1, 2
see that head and shoulders in the shorter ones there?
Look at these stochastics...144, 13, 8
55, 13, 21
89. 3. 5
13, 8, 8
39, 3, 26
7, 3, 10
21, 13, 13
I could go on....
Check out the 13 dRSI
Draw a trend line on the 55 dRSI from 8/31/98 to 10/8/98
Note how sloppy the 89 dMA/MLR precrossover tracking is.
There's a bunch of other stuff that looks REALLY bad too.
This market is slamming on the brakes.
Doug R |
