DOW in danger?

[Simianer@xxxxxxxxxxx (Simianer)]

Hi all,

after some bullish mails I want to ask you for some caution on the DJI!

I just realized that there are some signs indicating danger:

1. Some divergences between indicators and DJI. 
   The strongest I found in the 30-days ROC which has been moving just opposite 
   to the Indicator since the end of may. 

2. RSI, MACD and Q-Stick are creating Shoulder-Head-Shoulder-formations, not yet 
   completed, but one weak day could be enough...
   And very often I found these formations preceding a downmovement in the 
   index.

3. Today´s and yesterday´s candlesticks of the DJI can be interpreted as a mix 
   of a bearish engulfing pattern and a shooting star.
   Both lightly bearish signals in an uptrend.

So be careful!

       Thomas