Hello Fellow ChartWatchers!

Back down below 10,000 we go.  This is the fifth time in the past month that the Dow has dipped below that magic number.  The past four times resulted in quick rallies back above 10K - will that happen again on Monday?   Or have the bulls run out of ammunition?  Our experts below debate that very point in this edition of our newsletter.  Be sure to read their articles and then draw your own conclusions.

Here's a hint however:

NYSE Bullish Percent vs. Dow Industrials

The NYSE Bullish Percent is still up above 40 right which indicates that the Bulls are still hanging on.  If it falls below 30, then things could get ugly fast just like in mid-2008.  Next week should be very interesting.


In case you haven't heard, I've been traveling throughout the western part of the US giving presentations to various investment clubs about StockCharts and Technical Analysis.  I started in Portland, then Phoenix, then Dallas and most recently Calgary.  I'm off again next week to talk to the good folks at the Houston Investors Association.

So far, the feedback from my talks has been very positive.  I'd love to keep the ball rolling and I need your help to make that happen.  If you are a member of a large (50+ person) investment club that's based near the east coast of the US and your club is interested in having me come out and talk, please let me know via email - [email protected]

Right now, I'm looking to schedule trips out there starting in August.  I hope to see you soon!

Chip Anderson
About the author: is the founder and president of He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at, and provides updates about new features or additions to the site. Learn More
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