http://www.dowtheoryletters.com/dtlol.nsf Here is a link to Richard Russell's website, for $250 a year is a BARGAIN IMHO, and he writes every day the market is open.
NEM Does this look like INFLATIOn?
Is housing warning us of a slowdown? Lower highs, repelled by 50 SMA
DOWNWARD DOW 50 SMA is about to cross down bearishly thru 200 SMA, and lower indicator MACD is about to go thru its 9 day (thin line) moving avg, bearish. Blue histograms ABOUT to cross down below ZERO LINE. ALL the indexes looking similar.
Bearish action on the UTES GAPPING down below a year long support trend line.
NAZ? PLEASE 50 SMA HALTED advance, 50 SMA has already pierced the 200 SMA which is flat and 50 SMA has downward trajectory.
VIX in a FIX the 50 SMA has jutted thru the 200 SMA and is staying above its 200 SMA....a RECENT development
NONE of this do we find in an ongoing BULL MKT IMHO....caution is word of the day
Duratek
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