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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (40205)	11/9/2012 6:31:33 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 220761

Of course it may/can rally at anytime. However, look at the weeklies and attendant oscillators. 1. The april and october macd humps show a nice negative divergence 2. The U in between the two looks a bit artificial, perhaps due to the run for QE. We peaked on QE. 3. The weekly slow stoch is pointed down and only a bit past halfway. It would feel good for it to be below 20. 4. A natural, somewhat deep dip for the macd would give the charts a healthier look than the last run up which failed to take out a line connecting tops. I expect 1320-1350 to start the new trend. I only hope there is nothing more sinister at work. /J