"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, July 13, 2009

Speaking of back tests...

...here is the Dow doing all it can to make you believe.

Well, I will think about believing when the neck line and moving average cluster are surmounted in conjunction with RSI resistance being taken out and the bearish MACD signal being negated.

Until then, sorry Mr. Dow. No can do.