Techically Dow Jones is doing a Rising Wedge like my charts are showing. Lot´s of divergences and 1 month overbought might kick off some sell off. Break 11.000 point will be the starting point.
Investment Guru Jim Rogers, Chairman of Rogers Holdings, commented Saturday on a phone interview with CNBC about the SEC accusations of fraud against Goldman Sachs :"Markets are overdue for a correction, Any market that goes up this much, this fast, this steadily without correction - it's not normal. When that sort of things happens, the market could be setting itself up for a 15 - 20% correction."
"What I am doing is watching. If this is going to be the beginning of a correction. we will know how the markets does next week, by Thursday, I suspect. It's not time to sell in any significant way." He added
