DJIA Nearing SELL Signal
This market, exemplified by the DJIA, is getting very close to giving a sell signal. A weekly SELL signal would be generated by taking out 14,927.19. A monthly SELL signal would be generated by taking out 14,760.41. The last monthly BUY signal was generated at 13,661.87. The top was 15,709.58! That’s about a 15% gain in seven months. (see chart)
Source: http://www.movermike.com/2013/10/03/djia-nearing-sell-signal/
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