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ダウ☆ブロードニングフォーメーション☆

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投稿:2009/10/21 23:28

更新:2009/10/22 00:04

日本でも５～６月にブロードニングフォーメーションが話題になって、そのあと７月に下落したけど、、、

ダウもブロードニングフォーメーションを形成していて、上昇トレンドも終わりに近づきつつあるとのこと、、、

Broadening Top?
Take a look at this view of the DJIA. It applies to all the indexes but is easily illustrated on just one. If you draw in a couple tend lines, the DJIA has a broadening top forming and that type of formation is a topping pattern.

Now I know we have been flashing the warnings signs and ringing the bells for a while now, but as long as the market keeps giving us signs that it is at or nearing the end, flashing and ringing is what we must do.

INTC and AAPL both reported numbers that the Street took to be very good. Futures are up as a result. Asia traded higher but Europe barely so. Our futures are up big on the NDX and COMP but the listed issues are lagging and are trading near even. What's up with that?

So is it simply a day of rotation to the OTC or are is the market telling us something larger - that once more, earnings are not going to goose this overbought, over-valued market higher?

These are not easy times if you are not a buy and hold type of investor. There have been very few chances to swing trade so unless you day trade and are nimble, it's been an endless frustration. It will change.

Look to see if the listed issues can gain traction and the SPX can get over the 1100 area and stay there. I'm sure you have seen the charts already of the huge hurdle that hang at 1119 SPX - down trend line from the top and the 50% retrace. ACe tells me that 1200 will be hit sooner or later - either this run or the next government induced spike. As always, lots of possibilities. You just have to manage your portfolio and stay in the game until you get something that you can work with.

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