Wednesday, October 15, 2014

U.S. Stocks Are Going Lower

There are two strong signals indicating that the U.S. stocks bull run is finished at the moment.
Here is the first one - the old good Dow Theory:

As you see, both indices have broken their supports which were the secondary lows. This is a confirmation the stocks are going lower.

Another chart:

Value Line Geometric Index has also broken its suport - we have a similar technical situation as in 2007 (see my previous post here).
Well, now I am waiting for a major correction to the upside.

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