Monday, October 26, 2009

Truth or Consequences?

Click charts to enlarge.

Colin Twiggs' column shows potential trouble on the "street of dreams".
Eyes on volatility. Support is 20 and resistance lurks nearby.
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The Transports' point-and-figure chart hasn't shown a lot of give up (the down column of 0's hasn't fallen below the previous down column of 0's)
_________________________________________________________The Dow Industrials hasn't become the Down Industrials either. Bend but don't break?
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Mirabile dictu...Goldman Sachs (GS) does give a PnF sell signal. I won't short GS...it's like playing three card Monte with the ultimate dealer.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.

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