The Dow = Sell short?

It looks like it might be a good bet to short the DJIA. I'm not a trader in the Dow so I don't have a postition other than this chart that looks like a good setup for lower prices. Although, it is the mighty Dow and it is hard to bet against it lately.

The DJIA Weekly Chart - Is the Rally OVER?

Looking at the weekly chart of the Down Jones Industrial Average it appears that the DOW 30 is ready to take a breather at the least. The DJIA has broken down from its up channel and may be ready to break down from a bearish rising wedge.

The MACD looks like it is rolling over and ready to crossover. The RSI is in overbought territory and has been for a while. The DJIA has been the major market barrometer for the mainstream media and commonfolk. It is what most mainstream media outlets use to confirm the bull market in stocks.

The DJIA has shown incredible resilience for several years now and seems to defy gravity. How long can this last? Maybe forever!

Dare I say, look out below?

Probably not, but it looks like it.

Weekly Charts of the DJIA and VIX

The DOW has been way up while the VIX has stayed low. A reversal looks imminent in the weekly charts.

A look at this year in charts

This year has come to an end. What does next year have in store? Let's take a look.

Silver and gold ended the year on a down note.

The Dollar and Bonds ended the year on an upward note.

Inflation is heating up.

The United States continues to print too much money and spend it on useless wars.

The Republicans and Democrats continue to keep a lock on power and corruption as the U.S. citizens are too stupid to figure out that they have been duped for years now. There are no Republicans or Democrats (except for Ron Paul who is a Real Republican). There are only Demopublicans. As long as the two party system remains in place expect more spending, war, entitlements, corruption and a decline in the standard of living of Americans.

A big thank you to Downsize DC and Ron Paul. These are two worthy organizations that are actually trying to do something about our absurd political and economical condition. Please visit them and support them and you can make a difference too.

A happy New Year to all.

Chart Review Below: