DJ, Re: Just the facts Ma'm
My TA indicator is still giving a very strong sell indicator. The only thing saving it is that we haven't broken OEX 566 or the moving average. However, as the following picture shows, we are sitting right on the MA with one of those Doji Ju Ju Thingies:
iqc.com
GroundZero on the BK thread taught me to watch the NYSE 25 day MA advance/decline line. It peaked at 10,786 on 11/12. It went negative Thursday, and now sits at -3,275.
Since I strongly believe that this is a liquidity driven market, I like to watch the mutual fund flows. It turned negative the week before last, and as shown at this site
amgdata.com
was strongly negative last week.
We now have 6 DJIA companies that have provided earnings' warnings: BA, S, UK, KO, MRK and JPM. Hard to believe that we will not get more of these.
It is getting interesting.
TB |
