http://stockcharts.com/def/servlet/SC.web?c=$tran,uu[w,a]daclyiay[pc20!c5!f][vc60][iut!La12,26,9!Lh14,3]&pref=G Decapitation today, and IMHO if it stands, gets me LEANING to NO DOW THEORY confirmation and should have us looking for a downside one...or not. (also note how 50 SMA SLAPPED it back down as resistance)
http://stockcharts.com/def/servlet/SC.web?c=$VIX,uu[w,a]daclyiay[pb200!b50!f][vc60][iut!La12,26,9!Lh14,3]&pref=G VIX BLASTS THRU 50 SMA ! I had said earlier, a LOW VIX is only a warning, but when it rises thru its longer term moving averages, we better pay attention.
http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[w,a]daclyiay[pb200!b50!f][vc60][iut!La12,26,9!Lh14,3]&pref=G 2005 low is 10,368 and SEE it fall RIGHT to 50 SMA? will it hold. (3454 for Transports)
ALWAYS strongest when both indexes move together.
D
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