Friday, June 5, 2009

The Ugliest Chart Makes An Uglier Picture

And you thought the monthly indicators looked bad? Check out the yearly. Yes, they matter in case you were asking. They add proof to the P3 and much further weakness scenario. No comments on the chart's beauty. It is just here for the indicators. I was not about to trash all my ST and LT stuff on the chart just to make it look pretty.

MACD bear cross and the divergences from the '00 top to the last top in '07 are just insane. It will take a while (a looong while) to correct this.

Note -
the MA5 is at 1196
the MA20 is at 939
the MA50 is at 454
the lower BB is at 201