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Sol Palha is the head financial analyst at Tactical Investor. He is a self-taught Student of the Markets, having widely read conventional and non-conventional texts on all aspects of technical analysis, Mass Psychology and philosophy (as he believes it can be quite useful in terms of market... More
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  • Bear market warning signals  0 comments
    Aug 29, 2011 4:09 PM | about stocks: DOG, EUO, EDZ, FXP, SSG

    The Dow after testing 10604 has mounted a rather strong rally.  This is about the only positive development.  Volume has been dismall; in fact in the past 10 days the dow has not managed to rally once on volume of 7.5 billion shares. Today (Aug 29, 2011), the Dow closed up a blistering 250 points but volume could not even hit the 5 billion mark.

    Long term up volume is on the decline and the 3 moving averages of new highs and new lows we maintain have been declining since the begining of 2010. At this point all 3 moving averages of new highs (30, 100 and 1 year) are over 70% below the peaks they put in 2009. Note in 2009 the Dow had not yet traded to a new high, so its interesting that every new high after that took place on lower volume and with lower new highs on all 3 moving averages.

    Long term players should flee the markets as things are going to get very bad in the weeks and months to come
    Stocks: DOG, EUO, EDZ, FXP, SSG
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  • Traders should use wait till year end to open up shorts in Euro and longs in Dollar
    Dec 20, 2011
  • Dollar will correct sharply, Euro will mount a strong rally probably till year end. Long term the euro rally is not sustainable
    Dec 20, 2011
  • Dow rallying as predicted. we stated that Dow would most likely rally around the 23d http://seekingalpha.com/a/6qk4 and http://seekingalpha.com/a/6q0p
    Dec 20, 2011
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