Short Term Trading Member Forum

[techcharter]

FTSE and DAX.

The past couple days the FTSE has powered to new 52 week highs. There may be one more advance before that elliott wave over that time completes.

http://stockcharts.com/h-sc/ui?s=$ftse&p=D&yr=0&mn=6&dy=0&id=p98331346671


The DAX is within one days trading range of making a new 52 week high.

http://stockcharts.com/h-sc/ui?s=$dax&p=D&yr=0&mn=6&dy=0&id=p98331346671


The SP500 made a new 52 week high and looks to have completed an ending diagonal that started in early January '06

http://stockcharts.com/h-sc/ui?s=$spx&p=D&yr=0&mn=6&dy=0&id=p98331346671

The DJIA also posted a 52 week high, but the wave count looks choppy.

http://stockcharts.com/h-sc/ui?s=$indu&p=D&yr=0&mn=6&dy=0&id=p98331346671

The NDX is NOWHERE near making a new 52 week high. The NDX failure to rally to new 52 week highs is flashing a huge bearish divergence warning.

http://stockcharts.com/h-sc/ui?s=$ndx&p=D&yr=0&mn=6&dy=0&id=p98331346671


The 10 yr Note yield started its drop like a rock as investors rotate $$$ out of stocks and buy bonds. This should be the last dip in yields for quite some time. In fact the greatest conundrum will be "Why are the housing market AND yields falling?"