Broken Uptrends Now Plagues Most Indices
Posted By Barry Ritholtz On July 21, 2010 @ 12:30 pm In Markets,Technical Analysis | Comments Disabled
I did not show these slides (from The Chart Store [1]) at the conference, as I did not want to get too deeply into a discussion on broken trends, technicals, momentum, etc.
As you can see, most of the major indexes look similar:
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Dow Industrials: New Trend Channel
[2]
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Nasdaq: New Trend Channel
[3]
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S&P500 New Trend Channel
[4]
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All charts via The Chart Store [1]
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2010/07/broken-uptrends/
URLs in this post:
[1] The Chart Store: http://www.thechartstore.com/
[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/07/7-16-10-Marks-Corner-1-Daily-DJI.gif
[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/07/7-16-10-Marks-Corner-6-Daily-NASDAQ.gif
[4] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/07/7-16-10-Marks-Corner-2-Daily-SPX.gif
Click here to print.