Short Term Trading

[jwg]

general market :

with almost $67 nymex crude and most probably approaching
$70 the next days / weeks the market will continue to go
sideways / down , as already pointed out in my previous
messages.

to advise otherwise, is just neglecting the facts, with rising
oil prices, rising interest rates, falling consumer sentiment
and eventually rising CPI.....

only with strongly falling crude prices will the general market
guide us higher again.

here are various charts to show the indicators for friday E.O.D.

this indicator has broken support and last time this happened
was from march to mid-may. the ema10 crossed below the ema40
starting august.....

http://stockcharts.com/def/servlet/SC.web?c=$INDU:$CPC,uu[w,a]dallynay[db][pc10!c40!f][iut!Ld20!Li14...

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ:$CPC,uu[w,a]dallynay[dc][pc10!c40!f][iut!Ld20!Li1...

RUT Daily running out of gas :

http://stockcharts.com/def/servlet/SC.web?c=$RUT,uu[w,a]daclynay[da][pc3!b7!f][iut!Ld100!La36,80,24]...

INDU Daily zig-zag and OBV + Acc/Distr falling :

http://stockcharts.com/def/servlet/SC.web?c=$INDU,uu[w,a]daclynay[da][pc3!b7!f][iut!Lf!Lg]&pref=...

NYSE Daily Summation Index shows falling breadth :

http://stockcharts.com/def/servlet/SC.web?c=$NYSI,uu[w,a]daclynay[da][pc3!b7!f][iut!Ld10!Lo5]&pr...

NYSE Daily MCCO continues below 0-line :

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NYMO,uu[p,a]deolynay[pb200][iu...

BKX Daily shows bearish :

http://stockcharts.com/def/servlet/SC.web?c=$BKX,uu[w,a]daclynay[da][pc3!b7!f][iut!Ld60!La12,26,9]&a...

Nasdaq BPI , the first time since may that this indicator crossed
the ema9 to the downside......

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPCOMPQ,uu[g,a]decaynay[dc][pc...

Nasdaq Daily MCCO is still below the 0-line....

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NAMO,uu[w,a]dallyyay[dc][pc75]...

Nasdaq Daily Summation Index shows bearish breadth :

http://stockcharts.com/def/servlet/SC.web?c=$NASI,uu[w,a]daclynay[da][pc3!b7!f][iut!Ld10!Lo5]&pr...

NDX Daily :

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclyiay[da][pc3!b7!f][vc60][iut!La6,10,4!Ld...
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclyiay[da][pc3!b7!f][vc60][iut!Lg!Lf]&...

NDX Weekly looks fairly good to me still, thus i'm not
expecting any serious sell-off, but as indicated side-ways to
down trickling....


jwg