Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (257988)	7/1/2010 2:26:48 PM
From: bentway	Read Replies (1) \| Respond to of 306849

No worries here - my GLD is protected with trailing stops. They haven't triggered yet. If they do, I'm in cash with a healthy overall gain, ready to jump back in to a larger position when it bottoms. I don't NEED my head on a swivel, nor do I want to keep swiveling my head.

To: Skeeter Bug who wrote (257988)	7/1/2010 2:53:32 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

A Dow Theory sell signal? Commentary: Dow industrials and transports at new correction lows By MarketWatch ANNANDALE, Va. (MarketWatch) -- It's now official. DJIA 9,689, -84.87, -0.87% DJT 3,993, -14.28, -0.36% 10%0%-10%-20%MJAt least according to some interpretations of the venerable Dow Theory, a bear-market signal was generated at Wednesday's close, when both the Dow Jones Industrial Average (DOW:DJIA) and the Dow Jones Transportation Average (DOW:DJT) closed below their previous correction lows of early June. This interpretation appears to be the one favored by two of the Dow Theorists tracked by the Hulbert Financial Digest: Jack Schannep, from TheDowTheory.com, and Richard Moroney, of Dow Theory Forecasts. The third Dow Theorist that the Hulbert Financial Digest identified as having already turned bearish, and so today's action is mere confirmation of that bearish trend. He is Richard Russell, editor of Dow Theory Letters. In addition to previously concluding that the Dow Theory was bearish, Russell also has indicated that he would view a Dow close below 9,800 as being bearish according to another technical analysis formation: the so-called head and shoulders. That occurred Wednesday, of course, with the Dow closing at the 9,774 level. Earlier this week, Russell wrote that the breaking of the head-and-shoulders formation would have very bearish consequences: "All previous plans, scenarios and strategies will hit a stone wall. Wall Street and public sentiment will turn black-bearish. Consumers will head for the storm cellars, and, once in, they'll shut the door above them and lock it." marketwatch.com