We had quite an interesting week last week as the Dow Theory signal confirmed the bullish trend on a new high in the Dow and Dow Transportation Index.  Later in the week, however, the market produced a new, confirmed Hindenburg Omen.  This Omen is good for 4 months. (* Please search my prior posts for details on the Hindenburg Omen)

While the Fed and Treasury continue to prop the market up, the market internals continue to tell us all is not well.  Also, check out some of the intra-day trades that set up nicely on Friday.

Get the details in this weeks Market Update using the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex.

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Tags: commodities, dow theory, elliott wave software, fibonacci trading software, forex, futures, hindenburg omen, intra-day trade, mtpredictor, stocks

This entry was posted on December 19, 2010 at 9:47 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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