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Worden Discussion Forum » General Discussions » Stock and Market Talk » ( Redspike ) an exit signal seen on my weekly DJ-30, last time seen was Oct07 !

( Redspike ) an exit signal seen on my weekly DJ-30, last time seen was Oct07 ! Topic Rating:
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signaltap
Posted : Friday, August 28, 2009 2:14:48 PM
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funnymony
Posted : Saturday, August 29, 2009 1:42:01 AM

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 breadth inicators are showing market is very overbought and a correction is near, however, no sell signal has been given yet.
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mmscottyb
Posted : Saturday, August 29, 2009 11:24:50 AM
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 I am also thinking it is top heavy so I am being very cautious, as posted 8/3 I still think if the market can hang in there it will not be going anywhere until the price cycle is due on Sept 10th or that week sometime, then I hope we see some direction (most likely down) but you never know, still looking for that crystal ball. Anyone have one?

ScottyB
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funnymony
Posted : Saturday, August 29, 2009 12:37:59 PM

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 signs of distribution for sure. fridays action was tell tale.
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signaltap
Posted : Tuesday, September 1, 2009 5:32:36 PM
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 THE REDSPIKE WAS COMPLETED TODAY! CHECK THIS IMAGE OUT (DJ30 WKLY CHART) http://tiny.cc/XgDXH
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signaltap
Posted : Tuesday, September 1, 2009 5:34:56 PM
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funnymony
Posted : Tuesday, September 1, 2009 9:01:55 PM

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 sell signals galore today. nice looking wedge on the q's and spy's going back to the march lows.
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