Week of December 15 Dow stalling at 9000. Wed was typical inside day. Slower ma’s are turning up, mf still positive. Coal confirming 2x bottom and possible next leg higher. US Insurance – AFL, ALL, US Financial (IYG)- ALL, AFL, JPM Large Cap (BGU) Confirmed continuation moves with increasing vol. & slow/fast confirming: XHB(a+), XL [...]
Week of December 22 to January 2 Dow INDU flashing TD13m. Continue monitoring, need more color. I haven’t seen this model flash green on the Industrials before using such a slow scale. Resolution to 9100 or 7650. Development to watch closely. Play continues in Basic Materials (IYM): AA, Airlines still in tight consolidation. Wait for [...]
By Edith Honan Reuters NEW YORK (Reuters) – Bernard Madoff, a longtime fixture on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S. authorities said. The former chairman of the Nasdaq Stock Market who remains a member of Nasdaq OMX Group Inc’s nominating committee, is best known [...]
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