DJIA shows weakening index price relative to RSI

The RSI on the DJI is again in the extreme overbought territory even though the DJIA has not produced a higher high yet.  That leaves us with a declining double top in the senior index.  Another fall below that lower rail, especially if it can occur with a gap, could finally put some fear into these over leveraged market players.

I may not know much, but I know that the next time we see real fear in the markets it will be accompanied by an elevator shaft for the heavily margined longs.