Monday, August 17, 2009

Prosperity for God's People - Monday August 17, 2009

(QQQQ)(DIA)(SPY)(.SPX)

Complete broadcast.


Dow Jones Industrial Average

The Dow broke out of its trend channel and through short-term support, warning of a secondary correction.

Dow Jones Industrial Average

Transport

The Dow Transport Average likewsise broke through support at 3600.

Dow Jones Transportation Average

S&P 500

The S&P 500 broke through short-term support at 990 — also warning of a secondary correction.

Standard & Poors 500

Shanghai Composite

The fall was initiated by a sharp drop in the Shanghai Composite Index, commencing a secondary correction. The latest gap indicates strong selling pressure.

Shanghai Composite Index

Commodities

The CRB Commodities Index broke through support at 255, signaling another test of primary support at 230 — and a negative impact on resources stocks.

CRB Commodities Index


Colin Twiggs

The strong man is the one who is able to intercept at will the communication between the senses and the mind.

~ Napoleon Bonaparte (1769 - 1821)

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