The DJI has shown short-term reversal signs: the small "b",
the turn around of the inverted traders index and now the
20-day Pct D has crossed above its 20% level. Bullishly,
the NYSE A/D has broken its downtrend.
Once the Professionals get in the habit of supporting
the market and buyng aggressively, we can simply
watch for a red candle-stick at expected resistance
to know when the rally in that trading vehicle is over.
For now the many support levels have held, as in the
case of the Russ-1000 Tiger Index. The bulls are
hoping the FOMC doves will prevail.
