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Gary Tanashian
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Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
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  • Dow Weekly 0 comments
    May 11, 2010 2:18 PM | about stocks: DIA, SPY, QQQ

    Here is a chart that NFTRH originated a few weeks ago to track the coming of the wave 5 top-out in the 'drive to 5'. And yes, the trigger down by MACD below its previous high (with Dow well above its previous high) did indeed turn out to be a bearish divergence.

    Disclosure: No position in broad market, long precious metals sectors

    Stocks: DIA, SPY, QQQ
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