big imbalances on the sell side.
Looking at the market breadth of the dow jones transports or the leader of the market you can see the smart money is heading for the exits or has been selling recently. So for those of you who are thinking the market is out of trouble right now, this chart is telling us that that is not the right way to think at the moment.
The market does face some head winds at the moment, and there is alot of data coming out of china, or china focused this week. That could keep the market nervous, as China is in fear of a potential credit crunch at the moment. But we forget the news right now and just study our charts, as they are very telling at the moment, and this one is a good one to go by.
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