October 23 – Divergence widening

Tue, Oct 27, 2009

US Commentary

The divergence between the Dow Industrials and Transports remains in place, in fact took on a more dire look about it after last nights action. Recent price action has also stalled the Daily Trend which has now turned FLAT and daily momentum has now turned DOWN. We’ll see what unfolds in the coming week as earnings wraps up but I am very cautious still.

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Nick Radge - who has written 899 posts on The Chartist.


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