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Tuesday, September 8, 2009

Financial Charts

(EDIT:7:15 pm: Ignore the degree markings on the $DJUSFN chart, I was too lazy to adjust them downward - they've been like that for a while.)

The more I look, the more I see scary situations for longs. Take my Apple Chart (whats it doing in the financial update section Dan? - its just a bonus chart)

The financials look done. All the notes are on the charts.

What was really neat was the near perfect 1:1 price ratio in my double zigzag interpretation. Just look at my XLF chart.

Head and Shoulders setting up big time on all the indexes. The MM's got to be licking their chops.

This market is looking pretty creaky....

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