Tuesday, February 3, 2009

This market is on borrowed time...



This breadth indicator has hit the top blue trendline and rolled over...We have a pretty nice downsloping channel of parallel trendlines forming here...

4 comments:

lagscrew said...

another look--scary

http://stockcharts.com/h-sc/ui?s=$NASI&p=W&yr=3&mn=0&dy=0&id=p08947101348

lagscrew said...

if that dont work pull up

$nasi on stockcharts

lagscrew said...

3 year chart

mlytle said...

Hi Lag,
Plenty of charts around that hint at something, for sure..
I amazed the market is staying up as well as it is...I guess it's hope...

Regards,
Mark