Thursday, July 19, 2007

Brokers Are Having Trouble Finding A Bid



Stocks were up today but brokers were down. If you look at the above chart it looks like a possible head and shoulders top is forming in the XBD (broker/dealer index).

1 comment:

Chart Trader said...

Just took a look at my charts, Dow and all mutual funds I own. Starting in August 2005 - today, Aug. 4, 2007, every single chart in the two year spectrum has concluded the 5th leg of an Elliot Wave that started in 2005.

I should have seen it a week ago when 50 day averages were breaking down. Now 200 day averages are breaking down.

Does anyone see what I see?

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