The trannies have fallen over 20% into a bear market, now down over 22% from the top. We watched the rising wedge and negative divergence forecast the move off the top. In addition, the Dow Theory non-confirmation was highlighted when the Industrials did not make a new high as the trannies did in July. The indexes that have slipped into a bear market with over 20% selloffs include DAX, RUT, XLI, XLF, SOX, and TRAN. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.