Panel with George Soros

You can copy & paste this link to watch a very good point of view about this Credit Bubble crisis by George Soros.

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vnm807gh0vvA.asf

Market Reversal ?

This chart shows a critical moment for the current bull rally. We've reached a Fibo resistance and the fork's downward trend line. Let's see if there will be enough bull power to push the index up. Volume has been decreasing these days. Lastly, this could be the beginning of a wave 4.

DJI congestion break out

Today we had the DJI upward break out with low volume. Anyway, next resistence is at 8300. Many are betting that tomorrow we'll have a secondary top formation, which I think it's reasonable given the NASDAQ chart above.

DJI in a congestion

The DJI is going thru a congestion in between 7800 and 8000 pts and after breakout it is estimated to advance around 300 pts.

Diamond Break Out

Diamond break out upwards. Quite impressing. Anyway, there's a chance of top formation ahead so, it's time to shorten the stops.

DJI next target move

The market is moving sideways but the bearish feeling is on. After six weeks of upward movement and the break out the rising wedge, I think the shorter side is going to be favored in the next days.

Rising Wedge breakout?

This week will show us if this rally will take some rest or continue all the way up. The market may go on sideways before heading down to the 7400 zone.