Tuesday, January 09, 2007 10:38:54 PM
Yes, NASI weekly is showing extreme negative divergences as we posted these charts about one month ago, if you do search $NASI you will find it on my post as well.
Furthermore, this NASI chart is LT chart in which we can see a sequence of lower peaks just same as prior to 200-2002.
We need to be cautious since negative divergences can last longer than anticipated, but eventually market will fall apart since it can't sustain the higher price actions based on a few stocks when consumers are collapsing.
Furthermore, this NASI chart is LT chart in which we can see a sequence of lower peaks just same as prior to 200-2002.
We need to be cautious since negative divergences can last longer than anticipated, but eventually market will fall apart since it can't sustain the higher price actions based on a few stocks when consumers are collapsing.
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