Posted On: 01/24/2014 4:33:18 PM
Post# of 2561
INDU Daily Chart ~ Heading South Quickly Now
I was listening to the Talking Heads on the various business shows that we acting surprised at the weakness in the Big Boards this week. Some blamed it on the INDU breaking under the MA50 on the chart today (circled in pink).
Really? Hmmm, seems to have been mentioned here a few weeks ago to look out for weakness as the FullSto and MACDs crossed over to the negative in the first week of January. There really shouldn't be any surprise to anyone who follows technicals as far as I'm concerned.
I was listening to the Talking Heads on the various business shows that we acting surprised at the weakness in the Big Boards this week. Some blamed it on the INDU breaking under the MA50 on the chart today (circled in pink).
Really? Hmmm, seems to have been mentioned here a few weeks ago to look out for weakness as the FullSto and MACDs crossed over to the negative in the first week of January. There really shouldn't be any surprise to anyone who follows technicals as far as I'm concerned.
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