from bullish to bearish

A bit over a week ago the US market breadth was looking bullish... Not anymore (at least on an intraday basis)!!

The chart below shows my interpretation of the credible bearish astro forecasts that have been put out recently. If the price target proves to be valid then we're in for a very steep drop.

Today the XJO/SPI has made a third test of support... watch out below if the trend is down and the 4th comes soon.

The relative weakness of the Australian market relative to the NYSE has been going on for so long now that it seems to be a permanent fixture. This may soon change however. The chart below tells the story better than I can.

The bigger they are the harder they fall. Perhaps the Americans will be wearing the best shorts at the next party...