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Friday, June 3, 2011

Equity Markets breaking the "thin" line

Please see my post from May 24 first here:
http://theelliottwavesufer.blogspot.com/2011/05/equity-markets-walking-thin-line.html



More indices has now broken the "thin" line they where walking, which is a sign of weakness. It's to early to tell if an important top is in place, but all warning signs is now raised and at the least protective stops should be in place.



We have a classic divergence between the DJI and the DJT. The DJT made a new top above the 2007/2008 tops while the DJI did not, which should be a serious sign of weakness.


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