wbc, xfj, dow & us advance/decline line

G’day,

I have added a few comments, circles and lines in some charts below. For the record I am bearish in general and would not feel comfortable going Long with anything in the current short-medium term.

IMHO, it looks like the Australian Financials Index has put in a short-medium term top and may go down with everything else as well, as the US market looks like it is putting in a top as well. We all know what that does for sentiment around the world. Post-Super Tuesday (Election Day) in the US will be interesting too I suspect.

An Accurate Bull:

Nadeem Walayat at Market Oracle (Scroll down the page for relevant stock market articles).

He has been accurate since March 2009 and beyond, and is still bullish.


An Accurate Bear:

Article: Stock Bull Topping

They have been accurate since March 2009 and beyond, but are now bearish.


Any other thoughts out there?..... I’d love a good critical discussion, for or against.

Shonan Trader



WBC Daily





WBC Weekly





WBC Monthly





XFJ Daily





XFJ Weekly





XFJ Monthly





DOW Daily





DOW Weekly





DOW Monthly





DOW Monthly – 10 Year Chart





US Advance Decline Line Daily





US Advance Decline Line Weekly







PS. For the newer HC members of our community, FYI below:

Bullish for Stocks/Commodities

• Falling US$
• Rising EURO vs. US$
• Rising Commodity Channel Index (CCI)
• Falling VIX
• XSO (Australian Small Ords Index – Often ahead of the trend)

Other Useful Links to help with some T/A Jargon:

Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
New York Advance/Decline Line
Commodity Channel Index (CCI)