"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, August 2, 2011

Continued degradation for US broad markets

I gave this pig the benefit of the doubt and that looks to have been ehhhh... inCOrrect.  I am also hanging out there with a bullish (+) next to my 'Biiwii' name on this week's Ticker Sense poll. That's life here in world of geniuses, soothsayers and big mouths (AKA bloggers).

Meanwhile the US broad markets have degraded further, led by the Tranny, which lost support days ago.  Now the entire mess looks to hold the June lows, or else it is goodnight my dear piggy.  Is the relatively strong Nasdaq 100 flashing a bullish divergence or does it have some downside catching up to do?  This and other questions to be answered forthwith.

http://www.biiwii.blogspot.com
http://www.biiwii.com
















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