Continuing Risk Dow at Historic High/ Bearish Divergence !
The Dow Jones Industrial Average has closed at an historic high.
The price breakout in the Dow is not being confirmed
by indicators that should be confirming it's advance.
I have included just one of those indicators here for your observation.
Note the strong downtrend line shown here in the KST Indicator.
Compare that to the continuing uptrend line , and price advance in the Dow
I'm struck by this continuing non confirmation.
Who would want to put substantial new capital into "the market"
right now when the Dow is rising under the guise of meaningful bearish divergence ?
Think about that before you realize first hand the potential substantial loss of investment capital,
because you fell for the high gloss cover of the book, the Dow,
without reading whats inside the book.
THE_UNWIND
11/9/19
NEW YORK
The price breakout in the Dow is not being confirmed
by indicators that should be confirming it's advance.
I have included just one of those indicators here for your observation.
Note the strong downtrend line shown here in the KST Indicator.
Compare that to the continuing uptrend line , and price advance in the Dow
I'm struck by this continuing non confirmation.
Who would want to put substantial new capital into "the market"
right now when the Dow is rising under the guise of meaningful bearish divergence ?
Think about that before you realize first hand the potential substantial loss of investment capital,
because you fell for the high gloss cover of the book, the Dow,
without reading whats inside the book.
THE_UNWIND
11/9/19
NEW YORK