I guess that answered the question about the 'budda top' in the Dow. Viewing the Cloud charts did show the S&P never closed below the support, and the Composite did not break as well. I always give the Gold sector a day or two to see if it was just a 'Knee Jerk' reaction to the Feds comments, but that being said An interesting free chart at stockhttp://stockcharts.com/freecharts/perf.php?[SECT]charts.com is the sector performance chart ,it can help to determine the sectors the liquidity is flowing in and out of compared to the economy . I sure hope that the commodities don't catch on fire with all the other markets except the dollar .Cycles and Timing is the hardest subject to master in investing/trading in my viewpoint.
the utilities look to be one of the most beaten down sectors,and the charts are interesting.I may have to nibble on this one.IT appears to be an Adam & Eve pattern referenced in Bulkowski's 'Enclcopedia of Chart Patterns',page 291. (as a side note all references to 'Bulkowski's' patterns will be from this book.) Well that's all for now I have to figure out if I can get the google translator side message off or move it.
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