long term caution, page-3

cheers for the reply if

Interesting point :)

I really try to look at basics and not over complicate. For me the MACD is over bought and i don't like the bearish divergence on the stochastic. It might take a few months to play out, IMO the DJIA should come back and test the 30 week MA around 10,000 (natural), note the falling volume as the market climbs. A quote from McHugh's is good, 80% of the market rises from the March 09 low have been on a Monday (or first trading day of the week).

CK