Diverging Stock Market, UK Crash Expected and Spanish Bank Runs [1]

The Market Oracle - 9/5/12, Christopher Quigley

Market Divergence: Labour Day is done, the holidays are over, schools and colleges are back: game on. Expect one wild ride in the markets between now and the November US presidential election results.

Internally the technicals are weakening. There is a significant divergence between the Dow 20 Transports and the Dow 30 Industrials. The Dow 20 is moving towards lower lows and a break below 4850 will be an indication that the overall market is going to move much lower, fast.

More: marketoracle.co.uk. [2]