MarketWatch.com: Have a good fall


Look out BELOW!!!

Inquiring minds are reading MarketWatch.com’s “Have a Good Fall” with mouths agape:

At this time, the technical indicators point to an extremely dangerous market. No one seems happy. The bears are frustrated that the market hasn’t confirmed their worst fears. The bulls are not convinced the worst is behind them.

Looking at the moving averages, the Standard & Poor’s 500 /quotes/comstock/21z!i1:in\x (SPX 1,055, +3.46, +0.33%) has dropped firmly below the 200-day moving average and the 100-day MA. We’re now waiting to see how it reacts to the 50-day MA. In addition, MACD crossed below the 9-period signal line using the default setting of (12,26, 9). As this is written, MACD is close to dropping below the zero line, a highly bearish sign.

There is so much more and this article should be read in it’s entirety NOW!!!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: