Wednesday, August 26, 2015

A look at where we are now

Now to add some depth of understanding to where the Dow stands now, lets look at a historical view of the DOW Breadth Compilation.
 Given that it will take a minimum of 2K to climb back to the 10 WK MA and more to get to the 40 WMA, after being -800 so far this week and -900 last week, go figure.  Gravity will bring any re-pump attempt back to base.
GRAVITY NEVER SLEEPS.   I continue to like XXX and YYY here.  I say the Trend is established (DOWN) as the Die(s) are cast.   The last time the MACD had a crazy slope as it does is in the beginning of this chart when the pumping started in earnest, to the upside.  Funny how things turn around.

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GUESTBOOK