Hi dlineinvestor, there are some things I am willing to share about my TA approach and others I won't because they have taken too much development/study time to give away freely. I will say that going back over a hundred years of price action in the DJIA, we are now past the average time for the completion of a bull market, that is not to say that we can't have an extended bull run from here, but of course the odds increase of a bear market developing over the next 12-18 months if we are already past the average run time.
The easy money has been made on the long side since March 2009, and now it is a traders market until a bear is confirmed IMO.
Market breadth studies of the US indexes remain robust, so that points toward a correction more than the beginning of a bear market, but if one is short during the correction, they can always ride it through if a bear market is confirmed.
Also another hindenberg omen triggered, which when there is a cluster of omens triggered can indicate market instability prior to a bear market.
DOW Price at posting:
$4.16 Sentiment: None Disclosure: Not Held
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