SubscribeWall Street Surging on Fluff
In the chart below, you should have every reason to worry. That is if you are a shareholder of domestic equities.
I say this because the price of the Dow Jones Industrial Average (INDU) continues to struggle in an effort to make additional gains, while during the same period, the MACD and RSI have been diverging in a downward fashion.
Ultimately, the price will soon need to follow that of the indicators. In fact, we’re already seeing this event materialize.
If you haven’t done so already, now is a good time to take half or full gains on any open position that exists in your portfolio.
In my estimation, it won’t be long before the Dow tests support near 13,500. Yes, that is roughly 425 points below our current trading level. In the short-term my bearish outlook will serve you well. As soon as the storm dissipates, the skies should be clear for solid gains leading into the year end rally.
Good investing…
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Pingback by Wall Street To Main Street | cyrka on 2 October 2008:
[...] But look again and take notice, because our unsexy Main Street corners start looking awfully attractive again, especially with energy costs sky rocketing and massive off-shore outsourcing culture causing holes in our economy. But above and beyond that, Main Street becomes attractive because it’s about our own human capital and potential HERE and NOW.  Because It’s about us, about hidden, untapped treasures in each and every corner of our very own communities.  It’s about a world that is “Real†and that alone makes it sexier than the fantasy of “Big Fluffâ€. [...]
Pingback by Wall Street to Main Street | Cyrka on 7 October 2008:
[...] But above and beyond all this, take notice of Main Street because it’s about our own human capital and potential HERE and NOW.  Because it’s about hidden talents and treasures in each and every corner of our own communities waiting be untapped, and because it’s about a world that is real and that alone makes it sexier than the fantasy of “Big Fluffâ€. [...]
Pingback by From Wall Street to Main Street : Vida on 15 October 2008:
[...] But above and beyond all this, take notice of Main Street because it’s about our own human capital and potential HERE and NOW.  Because it’s about hidden talents and treasures in each and every corner of our own communities waiting be untapped, and because it’s about a world that is real and that alone makes it sexier than the fantasy of “Big Fluffâ€. [...]