Thursday, July 15, 2010

Markets Ready To Sound Retreat??

A couple of videos regarding the market direction for the next few days. We're clearly getting over-bought. It's just a question of what the event will be that incites the sell-off.

Dan Fitzpatrick's market read

One disturbing aspect for Dan's TA read, is that the channel he indicates as next support is lower than the previous one. That could, potentially, induce the H&S sell-off that has been so expected.

PSA market read

And this very informative article comparing now to the market crash of 1929-1930:

Daryl Guppy's market read

Scrutinizer

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