Replies to post #25463 on Short Term Trading Member Forum

[euterpe1]

Spacely,

Who really knows? We seem to hit the upper Bollinger Band on the INDU and then pullback to the mid BB. That negative divergence with the MACD can't be ignored forever.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p41913491597

The weekly chart on the other hand just keeps chugging along. I don't know about a blow off to 13000, but we certainly could hit that number.

BTW, isn't the AFC winning bearish?