Wednesday, February 24, 2010

Dow Transport

Looking at this chart, it looks like the next big move should be down in equity indices, regardless of whether one is a BULL or a BEAR.

The weekly chart shows 5 clear thrusts up, a break of the uptrend. Then 1 move down, and at the moment in a rally.  If this is a correction of the March 09 rally, it seems too shallow, a 38,2 % or even a 50 % retrace would "look" better.  Then if it's a bull, a rally to new highs, if it's a bear we head  much lower..

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