Wednesday, March 17, 2010

Thursday Morning Down Chart 15/3/2010

The ducks are lined up.

The January high has been reached. Daily RSI is overbought 71.07. Negative divergence on the Daily MACD histogram. Volume steadily declining.

It wouldn't take much for the trend line to be broken to the down side.

But - a trend is not finished till it is finished.

When that trend line breaks, the Dow will probably fall hard.

Cheers
Red

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