The main indexes are slowly rolling over their 7 days heads to a down trend. Monday and Tuesday are the only days to take a new high and change the direction of this roll over heads. After that the 8 MA:s will turn sideways to down. A drop could start anytime from now. HSI got a sell signal on close this morning but NIK is still moving very slowly up.
The situation now are definitely double tops which seems unable to take a new highs. It is very important to follow the main indexes. This is the most explosive situation during the 5 years bull market. The last correction right now seems to be stopped below the earlier highs but a sudden rally can change my view. I am searching only for weaknesses in this bull market and you know that my warnings can be wrong. And I hope they will be but this is a very serious situation. DOW is the easiest index to follow now. If a downtrend starts you will see it first at the DOW. Remember that all indexes will go the same way.
This is my first Warning for down side and the drop could be very quick and unexpected.
The situation now are definitely double tops which seems unable to take a new highs. It is very important to follow the main indexes. This is the most explosive situation during the 5 years bull market. The last correction right now seems to be stopped below the earlier highs but a sudden rally can change my view. I am searching only for weaknesses in this bull market and you know that my warnings can be wrong. And I hope they will be but this is a very serious situation. DOW is the easiest index to follow now. If a downtrend starts you will see it first at the DOW. Remember that all indexes will go the same way.
This is my first Warning for down side and the drop could be very quick and unexpected.
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