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Market performing a nice double top

Posted By: Pat Lynch | April 28, 2013

The market had a nice run this past week and it is now performing a double top but I see some worrying information on my charts. My money stream is not as strong as it is performing this double top and this worries me. My long term charts are indicating that the market has peaked but I need to see the following happening to  confirm a reversal

1) My 10 day to cross my 20 day moving average

2) My money stream to turn down

3) My 50 day moving average to reverse. This will confirm the reversal

Let’s see how the week will develop.  Time to be careful

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