Charts in support thereof

Value Line Monthly

Value Line Daily - SELL @ 2165.05

Value Line 90 minute

GS Weekly

GS Daily

GLD Weekly

GLD Daily

GLD 30 minute - Wave 5 Sell set-up

THE DOW JONES INDUSTRIAL AVERAGE

FOR THOSE PLAYING AT HOME

THUMBMAIL THRESHOLDS

AND TRIGGERS

TO 

ARMEGEDDON

DJIA Monthly 

DJIA Weekly   

BWT SELL @ 10055

ATR SELL @ 9907 

 

DJIA Daily

BWT on a Sell

ATR Sell @ 10281

DJIA 90 minute

 DJIA 30 minute - Wave 5 Sell set-up

 

Allan's trading notes

As can be surmised from my recent postings, I am back in, "Take All Sells Aggressively"  mode.  My reasons can be found in the two weekend Blogs from Neely and Prechter as well as from the gist of the above charts, although they vary in their timing implications for the coming decline.  I will follow my trend models into short positions and give them every benefit of the doubt, but will not hold short against a stubborn rising market. Such has not been the case for months, as major market averages have been churning at high levels, while broader measures like Value Line and some sectors, like financials, are beginning to etch out initial declines, i.e. GS.  When these markets go, there will be no doubt in anyone's mind, but I intend to be entrenched in profitable short positions well before the recognition wave hits.


A