The Market Oracle - 9/5/12, Christopher Quigley
Market Divergence: Labour Day is done, the holidays are over, schools and colleges are back: game on. Expect one wild ride in the markets between now and the November US presidential election results.
Internally the technicals are weakening. There is a significant divergence between the Dow 20 Transports and the Dow 30 Industrials. The Dow 20 is moving towards lower lows and a break below 4850 will be an indication that the overall market is going to move much lower, fast.
More: marketoracle.co.uk.
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