Hindsight to foresight? That's what we try to do with Ta... see the direction and timing Hindsight being 20/20 The SOX found resistance in Jan. at the 200ma <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SOX,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][iLb5!Lb14!La13,21,3]> Same chart change ticker to SMH <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=SMH,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][iLb5!Lb14!La13,21,3]> At the same time the QQQ ran into NDX ema’s resistance <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=QQQ,uu[430,430]wacayyay[dd][pc13!c50!c100!c200!c300!c400!c500!d20,2][vc60][iLb5!Lb14!La13,21,3]> Same chart change ticker to NDX <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NDX,uu[430,430]wacayyay[dd][pc13!c50!c100!c200!c300!c400!c500!d20,2][vc60][iLb5!Lb14!La13,21,3]> And the COMPQ also found resistance in Jan at the 200ma <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$COMPQ,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][iLb5!Lb14!La13,21,3]> No real help from the S&P <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SPX,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][iLb5!Lb14!La13,21,3]> Until we see the monthly chart… Jan. resistance <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SPX,uu[430,430]macayyay[dd][pb13!b21!b50!b100!b200!b300!d20,2][vc60][iLb5!Lb14!La13,21,3]> No help from the Dow...................................................................... not even from the Dow Monthly chart <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$INDU,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][ilb5!lb14!la13,21,3]>.<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$INDU,uu[430,430]macayyay[dd][pb13!b21!b50!b100!b200!b300!b400!d20,2][vc60][iLb5!Lb14!La13,21,3]> Until we stretch it out a few years... Old highs now resistance <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$INDU,uu[700,430]macayyay[d19980101,20090101][pb9!b13!b21!b50!b100!b200!b300!d20,2][vc60][iLb5!Lb14!La13,21,3]>.<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$INDU,uu[700,430]macayyay[d19980101,20090101][pc9!c13!c21!c50!c100!c200!c300!d20,2][vc60][iLb5!Lb14!La13,21,3]> S&P not as strong <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SPX,uu[700,430]macayyay[d19980101,20090101][pb9!b13!b21!b50!b100!b200!b300!d20,2][vc60][iLb5!Lb14!La13,21,3]>.<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SPX,uu[700,430]macayyay[d19980101,20090101][pc9!c13!c21!c50!c100!c200!c300!d20,2][vc60][iLb5!Lb14!La13,21,3]> Just gets worse <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$COMPQ,uu[700,430]macayyay[d19980101,20090101][pb9!b13!b21!b50!b100!b200!b300!d20,2][vc60][iLb5!Lb14!La13,21,3]>.<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$COMPQ,uu[700,430]macayyay[d19980101,20090101][pc9!c13!c21!c50!c100!c200!c300!d20,2][vc60][iLb5!Lb14!La13,21,3]> Doesn't it! <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SOX,uu[700,430]macayyay[d19980101,20090101][pb9!b13!b21!b50!b100!b200!b300!d20,2][vc60][iLb5!Lb14!La13,21,3]>.<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SOX,uu[700,430]macayyay[d19980101,20090101][pc9!c13!c21!c50!c100!c200!c300!d20,2][vc60][iLb5!Lb14!La13,21,3]> foresight??? <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NDX,uu[700,430]macayyay[d19980101,20090101][pb9!b13!b21!b50!b100!b200!b300!d20,2][vc60][iLb5!Lb14!La13,21,3]>.<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NDX,uu[700,430]macayyay[d19980101,20090101][pc9!c13!c21!c50!c100!c200!c300!d20,2][vc60][iLb5!Lb14!La13,21,3]> Was Jan an overbought cyclical bull market? NDX/QQQ weekly ma charts have the 200ma coming into play NDX 1534 ~ QQQ $38.19 and falling fast <img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NDX,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][iLb5!Lb14!La13,21,3]>…<img src=http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=QQQ,uu[430,430]wacayyay[dd][pb13!b50!b100!b200!b300!b400!b500!d20,2][vc60][ilb5!lb14!la13,21,3]>