Steady as she goes … There's nothing much to say about this chart .. very clear price action .. no conflicting signals .. The positive divergence is just an observation, its simply a warning to be alert if an upturn materializes .. Other than that, a downtrend is valid until proven otherwise... (more...)

Here we go !! .. Dow crashes 565 pts or 4.23% in one week !! .. The index breaks the neckline to complete the head and shoulders pattern on the weekly chart .. really UGLY .. The pattern suggests a possible revisit to the March06 support of 12110 .. The market also reinforces the provisional Sep07 downtrend... (more...)