MISH'S
Global Economic
Trend Analysis

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Thursday, April 28, 2005 1:16 PM


Walking The Planks


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Walking The Planks - Click on image for Enhanced View

Notice the progressive failures....
Failure at the 50MA
Failure at the 200MA
Failure at the 400MA
Each drop is about 50 points more or less

The idea behind this chart came from Greg Collins at Minyanville.
There is a lot of great analysis and discussion at Minyanville and some of you may wish to check it out.

Now, when will this chart produce a "Swan Dive"?
It sure looks like it wants to.

Mike Shedlock/Mish
http://globaleconomicanalysis.blogspot.com/




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Walking The Planks

Posted by Michael Shedlock at 1:16 PM

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