Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Flat The market was heavy today after China announced late on Friday that again it was curtailing commercial bank lending again in an attempt to slow the economy. That said activity was very quiet for a number of reasons; Chinese New Year and many Asian markets [...]
Continue reading...Friday, November 13, 2009
Several weak closes now and some divergences taking shape. This market is running out of puff here. I’m now quite concerned that a renewed leg lower is starting and basis the non-confirmation on the Dow Jones Transports and the lower low it may be a decent reversal of form.
Continue reading...Saturday, October 11, 2008
What a week that was. What a finish to the week by the Dow! Here is the chart of the 5-min action in the Dow futures contract just for Friday’s session which shows a total range on the day of some 3580-points. I have never seen anything like this in my 23-years. Both our ASX [...]
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Monday, February 15, 2010
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