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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, July 1, 2009

DOW 30


It appears this is the last gasp higher for no particular reason in the face of more poor economic reports. If you are long, follow your stops up and set them tighter as it continues higher.

Bottom line is their WILL be a violent rollover soon. Soon may be today or next week or next month but it IS coming. And the longer the market drifts higher on bad news is only strecthing the rubberband tighter for the coming recoil to the downside.

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