Tuesday, June 08, 2010

The Case For DOW 4500 WATCH IT Unfold! - Week 6

The share and dollar volume on selling is just huge, about half of what it was on Friday, but still very heavy.  This step doesn't feel done although the TRIN ending the day at 2.0 makes it easier to have a pop early tomorrow, but I doubt it will last.

Here is that monthly Russell 3000 chart with the big ol' Head and Shoulders pattern thirteen years, there is an additional H&S on the same chart daily from December also confrimed.  This still looks so nasty.  Be careful and don't overstay your welcome.

See Yesterday's Chart O' The Day for the UUP, chart...



My Favorite Roller Coaster!

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