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Friday, December 14, 2012

Friday second post

My thanks to David Christoph for pointing out this dip below the Kumo.   Keep an eye out for a Tenkan Sen cross over.  Keep in mind that both the Tenkan Sen and Kijun Sen are both below the Kumo.  This is a bearish indication.  If the Price should fall below the Kijun Sen the indications will become even more bearish.
The relative AD vs Price has also been negative since the first time we dipped below the top of the Kumo. This definitely looks like a weak market. 
I'd also like to thank my new friend Nathan for all of his observations.  It really feels good to have some participation!

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