MarketWatch writes article about 7 key charts to watch as the stock market nosedives:
By Sue Chang
Published: Jan 20, 2016 5:03 p.m. ET
Yen is a fairly reliable indicator of where U.S. stocks are headed
By
SueChang
Markets reporter
The charts suggest that the stock market’s parachute may not open in
time.
The bears are running amok on Wall Street as oil tanks.
It is so bad that even the technical charts are flashing caution signs.
So when is it safe to test the waters again?
Watch the charts, says Andrew Adams, market strategist at Raymond
James, who is urging his clients to take any ‘apocalyptic’ comments
with a grain of salt.
‘I tend to ignore most estimates and forecasts I come across and
instead focus mainly on changes in prices and indicator levels, since
they are never ‘wrong’ at any given moment even if they don’t always
make sense,’ he said in a report.
MarketWatch Article Source Here.