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03/05/10 6:49 PM

#54129 RE: dalcindo #54125

$INDU Daily: bearish 100 x 34 MA cross

Only 2 bearish items that I can "locate", lol...

1: Resistance at 10,600 at the highest volume day of the year (currently only 34 points from 10,600 btw...)

2: The 100 MA crossed above the 34 MA!


The last time the $INDU got a 100 X 34 MA bear cross was actually a really good time to jump out of the market, summer 2008, about 2 months before the Lehman Bankruptcy......Then at the 34 X 100 MA bull cross it was a great time to get back in (early May).....Now finally after nearly a year we are getting a 100 X 34 bear cross again.....??? Hmmmmm..........


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03/05/10 7:56 PM

#54130 RE: dalcindo #54125

$COMPQ has a couple gaps to fill...

Up over 10% since the February low 4 weeks ago...

Would make a nice double top if the markets go down next week..