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Created on: 11/4/2014 6:17:35 PM   Last Update: 11/4/2014 6:27:34 PM Posted by: RTT
WARNING: This entry is 3017 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST A fail here would be epic
a-fail-here-would-be-epicWallstreet use the Dow Jones Industrials and the SP500 as marketing tools, yet there are other less well known indexes that portray the stock market trend better.

The NYSE Major Market Index was the 'goto index' before the 1987 crash, quoted daily, in the media all the time, but now forgotten. It is made up of 20 big stocks, that reflect a close relationship to the economy than the Dow Jones.

Below the chart shows the NYSE Major Market Index is at strong resistance. The INDU and SP500 show a megaphone pattern which is not a great bullish pattern.

Maybe once US mid terms are over the selling will start.

Keep an eye on it.


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