Do I hear a Bear growling?
This screenshot of 'Clickcharts' a U.K. based, free charting service shows their 'Trend Indicator', which purports to show, based on price and volume, whether buying or selling should predominate. Sort of a volume weighted price oscillator. See also, the hourly chart of the $NDX. Some indicators are falling below the center line. The two charts basically agree. Let's see what happens next....
We all know the Federal Reserve will always try to keep the markets up, by hook or crook, and I do mean crook. So let's see what they do with this...
2 comments:
Fed can't do much now. They need to prop up the dollar and get ready for huge treasury financing.
That's my thinking.
- Shankar
Pardon, another subject!
Interesting watch. How appropriate! 5 minutes.
Network (Movie) - "I'm as mad as hell" speech [english subtitles]
http://www.youtube.com/watch?v=q_qgVn-Op7Q&NR=1
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