A Dow Theory ‘sell’ signal could happen any day now

[padutrader]

I agree, I see no top in the Dow. But, the absence of evidence of a top is not evidence of absence of a top.

Since February, it has not been worth the risk to buy the Dow as it has been impossible to say we have not had a top. We have not formed a downtrend, but price has not been rising in an uptrend either so cash has been the best bet.

I have taken a small long position in the S&P, but that was only based on a small recent bull flag, not a full-on uptrend trade.

yes i know stocks stop moving up long before the index does [stops moving up]....they keep moving the index up and novices buy stocks because the index is moving up and the big boys distribute to them happily and go on vacation.
that might have happened, seeing the movement of the dow :one way up.in that case we are looking at a 10000 drop in dow

you are very sensible not buying stocks....it may be a few months before things become clear because they need a lot of time to distribute.....in the meantime they will keep the dow volatile if there is low volatility expect movement up or down

i give good advice but do not trade like i trade

 

[tomorton]

yes i know stocks stop moving up long before the index does [stops moving up]....they keep moving the index up and novices buy stocks because the index is moving up and the big boys distribute to them happily and go on vacation.
that might have happened, seeing the movement of the dow :one way up.in that case we are looking at a 10000 drop in dow

you are very sensible not buying stocks....it may be a few months before things become clear because they need a lot of time to distribute.....in the meantime they will keep the dow volatile if there is low volatility expect movement up or down

i give good advice but do not trade like i trade

You are certainly a character sir.

 

[padutrader]

You are certainly a character sir.

i will take it as compliment...thank you

you must identify all possibilities and make no mistake the big boys are only out to rob you

 

[SunTrader]

... and make no mistake the big boys are only out to rob you

Wrong. We all try to win at this game anyway we can.

No one is out to rob anyone else. That's excuse making at its "best".

 

[padutrader]

Wrong. We all try to win at this game anyway we can.

No one is out to rob anyone else. That's excuse making at its "best".

that is your opinion

do not tell me what i have seen is wrong;

gold man has just been fined millions usd for something they did in 2009-2013. they made billions illegally.

the regulators fined them are they making excuses and are they wrong too?

 

[SunTrader]

that is your opinion

C ya. On to the list. Should have after the blaring big azz font with bold red for no good reason many times already.

 

[padutrader]

C ya. On to the list. Should have after the blaring big azz font with bold red for no good reason many times already.

thank you