Bagman's charts, watchlists, scans and etc.

[simplegreen]

da.., carefully notice that DOW 60 minute Renko...the problem is that the techs were actually OVERBOUGHT !!...we now have a 4 brick downside reversal on it so the correction could well be nearly through...BUT...the techs are still EXTREMELY high...what it needs IMO is a consolidation now with very littlke dip from this point...what that would do is allow indicators to fall giving headroom but not necessarily have much drop in the index value!The RSI(14) on that chart is at 49.45 and if it loses any significant strength..Welllll ...then down she goes!


Simple