Monday March 3 2019
For some reason my screen capture for the charts is not working
If you listened to the radio on the way home you heard the DJIA was down 206.67 today. Not so.
The intraday drop was
26155 - 25611 = 544 points, a rather different picture.
Transports
10563 - 10333 = 230
Russell 1594 - 1564 = 30
So as we thought Transports and RUT are pulling back from their 200 day MA
Numerous indexes had reversals today including the major market index.
I believe this is significant and lower prices lie ahead.
We will see if this continues tomorrow.
AU
The XAU actually had an up day closing at 74.61 off the lows of 72.95. With the 200day MA at 72.33 this may be shaping up for a good re test of that MA
We expected a low for the XAU in February but it is coming now in early March.
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