Sunday, March 06, 2005

SELL SIGNAL?

Reply: MUCHO Importante' SELL SIGNAL?

(andrew from RR board) MUCH thanks for the beautiful chart!
"How about this chart. Has a 200/400 Weekly SMA just like the doctor ordered:" http://bigcharts.marketwatch.com/charts/big.chart?symb=DJIA&compidx=aaaaa%3A0&ma=3&maval=200&uf=0&lf=1&lf2=0&lf3=0&type=128&size=3&state=8&sid=1643&style=320&time=20&freq=2&nosettings=1&rand=7433&mocktick=1

In reply to: *(ME Duratek)
http://tinyurl.com/4kdw6
MAN I'm like one hand clapping here..LOL so what...

CALL: Dow Theory BUY SIGNALEVIDENCE...or my humble observations:

1)MACD and RSI LOWER HIGHS on the DOWS MOVE to new highs! No mention of that.we have a BEARISH divergence, IMHO

2)Breaking of the UPPER BB, can be terminal move...it appears as BEST as I see this last happened in 2000 top.
3)http://tinyurl.com/4cm6v LOOK at BEAUTIFUL paralell LONG TERM SMA'S !!! THAT'S a BULL MKT!BUT NOW the 200 WK has MERGED into the 400 WK....I bet that hasn't occurred since the 70's bull began, shown here for 10 years only.

Can anyone show a monthly chart going back to 70's? using these 2 MA's?My conclusion cannot say when rally ends, only that we are witnessing the end of something surely NOT the beginning! IMHO

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