The weak August prints were never resolved to complete satisfaction so a move lower to these levels would be expected in 2012. Price is now at the top rail of the upward-sloping channel which creates potential for a pull back and the red rising wedges and purple negative divergence verify the need for a spank down now. Projection is a choppy stutter-step M-top-ish move sideways as the dividend stocks top and roll over in general. Sideways to sideways lower for the weeks and months to come with a test of 45 coming in 2012. 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.
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