warning bells - beware

  1. 6,975 Posts.
    G'day guys,

    The indicator on The U.S. Stockmarket crash index dived to -4 from 0 last night for the Broad Based Dow. At -6, according to its rules, investors should be in cash. The indicator for the S&P is at -2 but there is some good news for tech investors because the DAQ indicator is still in positive ground at +2. The DAQ component is obviously holding up the S&P.

    On a separate site (signalwatch.com) the daily chart for the DOW can be seen in a rising wedge, also not a good sign.

    Tread carefully.
 
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