DJI warning signs.

The DJI is showing signs of caution:

a) Break down on the bullish channel that had been moving.

b) Quit doing incremental maximums and minimums.

See Figure 1.

The Mexican market has mixed signals but a bit more encouraging:

a) Is mounted on the moving average of 200 days and respects it today.

b) Respect the support, what was once the roof of the bearish channel.

c) A strong support (floor) in the 30,000.

See Figure 2. (Note: there is no candle yesterday, it was not holiday in Mexico).

Be aware, as noted in the previous post, bad fundamental news could come from Europe and resume correction:

a) Potentially Portugal.

b) Spain could give surprises.

c) British Petrol has a strong impact today.

I suggest:

a) Take liquidity in documents that will not take losses.

b) I still would not buy short ETF's (Speculate to down) But it could be an option.

c) Observe the morning session before taking more drastic measures.

My favorite Short ETF is TWM, but watch out in the past I had to face losses.

ETF México Stock Exchange DJI IPC ProShares