11.15.2012

The T2108 index is telling me "we are near a short-term bottom", however that should not be a real bottom that marks a reversal of a monthly-trend

All major indexes are officially in long term bearish when the major long term trend line from Oct. 4, 2011 and MA-200 days were in turn broken down.
Below I show the daily charts of DJ-30 as an example:


The DJ-30 weekly chart looks more ugly with the price pierced down the longer term trend line originated from the low of March, 2009.


The chart showing 4 indicators from SPX daily hints that a major bottom is not in.


The T2108 index is telling me "we are near a short-term bottom", however that should not be a real bottom that marks a reversal of a monthly-trend.


 Stocks are considered risky, meanwhile EUR/USD and Crude are in bouncing. Silver is well advancing and Gold should be prepare to follow the Silver to be a hidden place.


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