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Short this one. Bearish flag, break of 65 day MA on heavy volume, ADX MACD bearish.
And Chemicals index have unsuccessfully tested resistance, and appear to have reversed. ADX MACD bearish. Break of support in consolidation area, bearish.
http://stockcharts.com/def/servlet/SC.web?c=$DJUSCH,uu[w,a]daclniay[dd][pb22!b65!f][vc60][iut!Ul14!La12,26,9]&pref=G
I totally agree...never short a dull market or a bullish market. The Dow edged closer to 11,000 and, with the Standard & Poor's 500 index, posted the best weekly percentage gains in seven months. The Dow advanced 165 points through Thursday; the average has not closed above 11,000 since June 7, 2001, before the Sept. 11 attacks. Be careful shorts...Don't get caught with your pants down!
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