Re: [RT] Nyse Daily

["c.l" <Calue@xxxxxx>]

as earl mentioned if you also look on the monthly charts you will see something similar.

all major indices dow, snp, nasdaq show the same formations.

this should be watched

 

carsten

----- Original Message -----

From: EAdamy

To: Realtraders

Sent: Thursday, September 29, 2005 2:06 AM

Subject: [RT] Nyse Daily

Attached is daily chart of NYSE, which has been considerably stronger than the NASDAQ, in what looks to me like a terminal rising wedge. The blue line (very roughly) looks like it has taken enough "hits" to begin failing. The charts don't have quite the same look as they had in late 1999 and early 2000 but the trading feel is quite similar.

 

Overall, not much in inter-market relationships to equities which I like and the fact that both the dollar and gold are rallying suggests something in that particular relationship is going to break.

 

Earl

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