Barron's: A Scare that Can Last Beyond Halloween (Technical Analysis)

By Trader Mark
31 October 2009 @ 01:15 pm EDT

Since technical analysis is more art than science, I rarely will post someone else's technical analysis but this Barron's piece follows in my footsteps - KISS technical analysis so I thought it was worthy to share.  Further, it corresponds with my thoughts that the markets could be in trouble in the intermediate term and now is a time for supreme caution.  We see some compelling trends - the NASDAQ breaking its trend line drawn from all the lows since March 2009; the "leading indicator" transport index forming a "double top" etc. 

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