DJSASD Dow Jones Aerospace and Defense Weekly Chart Rising Wedge Overbot Negative Divergence

The Sequester is three days old already. As time passes the behavior in the aerospace and defense industries will be interesting to watch.  Stocks such as NOC, GD, RTN, LMT, etc...   The Dow Jones Index shows a red rising wedge, a bearish pattern, overbot stochastics and negative divergence across the board across the short and longer term time frames. Three doji candlesticks have printed for the last three weeks signaling a trend change on tap. The chart is all set up to roll over, will the Sequester serve as the catalyst to knock the sector lower?  Probably yes. The price collapses out of rising wedges can be quite dramatic. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.