Feds Actions Delaying Stock Market Downtrend
Stock-Markets / Market Manipulation Dec 13, 2007 - 12:06 AM GMTBy: Brian_Bloom
Technically, the Fed's actions are still not driving the market to the upside. The best that could be claimed is the downside is being delayed.
Oscillators are deteriorating and the OBV fan formation is still behaving according to textbook
Against background of the “Big Picture” technicals, this failure to respond to ramping represents very weak behaviour.
Gold chart below now showing some signs that panic in financial markets may be approaching. Don't like to use that word “panic”, but don't like the looks of these charts either. That's why I'm monitoring daily.
High pole reversal on DJIA P&F chart (third chart below) occurred within days of high pole manifesting. Another sign that market is sitting on a knife edge of hysteria.
By Brian Bloom
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