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PART 3a
 
SEE COMMENT BELOW
 
The four charts above are
illustrating without argument that in-spite the furiousness of
the current rally on the surface, underneath the surface it has
merely rallied against resistance. Again, the market is at a
critical point. If the down-trend is to be broken, it will
happen here, if the down-trend re-asserts itself, it will also
happen here!
 
Notice that both the NASDAQ BSE and the SP500 BSE Index
are pretty close to areas where previous buying came to an
abrupt end. Is the pattern going to repeat itself? Without a
"positive catalyst" we do not see, how it can be
otherwise. Do you?
PART 4
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