Thursday, August 19, 2010

Major market sell on the way?

We have had topped out markets as discussed Dow and S&P 500 are all topping out, relative to risk barometer currency AUD (updated), 'death crosses' (risk currencies) as discussed in 50/200 MA 'Death Cross' in effect: AUD and now the obscure 'Hindenburg Omen indicator' that measures highs and lows on the NYSE against a 2.2% ratio

Or the human psychology of panic, in which effects technical indicators and forecasts and vis-versa, is setting in as the rot from the 2008 financial crisis reemerges: also watch info on Chinese banks/China syndrome.

A sell tainted with fear.

oh yeah the coming 'flash crash', must not forget that one.

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