Long and Intermediate Term Charts

Following are the updated versions of the charts I posted last week... Including modified "P" index. Please refer to the original posts for the explanations.








Experts say GM bankruptcy almost inevitable



PS: I will post a few charts along with my thoughts about the next financial tsunami coming from the debt defaults, commercial real estate and credit card front which will force even the most bloated and government-supported bank to test march lows... From xTrends perspective, it will be important to understand the fundamental differences between the coming sell off and a bull market correction. In other words, momos and suckers are essentially now well trained to buy the dips while trend structures suggest the market will likely sell off like the way it rallied off the march lows. Non-stop bleeding...