Wednesday, March 17, 2010

What More Does It Want?

This is getting a little ridiculous. OK, so now I'm seeing a double throwover (black and green wedge. both have completed A-E formations. The ABC has completed and measured out. The indicators have fought back to overbought levels. It is blowing out the upper BB. No divergences yet. It took out resistance set a new high and did nothing. The dow set a higher high today.

Your daily index comparison shows a "nice grouping" with everyone now at higher highs. That grouping would have me nervous as a bull. I'm just waiting patiently. The weekly his is positive right now but the Stos are not there yet. The hist on MACD is there for a turn. Look for the RSI5 to begin to roll over then you should be able to cut loose.