DIA Market Top by Joab

For what it's worth, TradeGuider shows DIA (on a daily time frame) still in an uptrend with more steam left in it.

The bearish volume indicators on the 18th and the 23rd could be negative foreshadowing, but, for now, TradeGuider says that the trend has not yet changed.

 

that's what TraderGuide says, it is public knowledge, but what is your analysis?

 

Update:

Out break even

This volatility is nutz !!!

I knew I shud have written a Bear Call Spread instead.

 

volatility is just off an all-time low. its not volatile, its a bull mkt. Dummy.

 

I think you dropped this by accident ....

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http://greekboston.com/shopping/images/alexa_greek_speaking_doll.jpg

 

and then what happened?

 

This is also consistent with Elliott Wave analysis, which I agree with.

It seems like the movement now is part of a Wave 3 from about 2 months ago.

The market should retrace a little from these levels, then make new highs on less volume.

In other words, those calling the big top and end of the ride are, IMHO, a bit early.