A lot of activity going on in the markets this past week or two.  The dollar play is getting a lot of attention as the dollar strengthens and the market attempts to hold its own in relation to it.   We are waiting to see if the markets contiue to ignore the rising dollar for a while and see if investors are going to continue to put money to work.  Basically it is a case of what is the next newest excuse we can find to dictate market direction.   The Dow 30 appears to be a little toppy right here but it hasn't broken down much yet either.  It  has broken its nearest TL to the downside this week and may consolidate a little lower in between TL's down to about 10,100.  The next TL lower is near 9,900 or so.  The Dow is resting near the 25 day MA and the 50 day is near 10,000 sandwiched between two TL's.  

TRV has seen some selling the last several weeks and we may be near a near term consolidation or holding point.  Price has hit the upward sloping TL from two bottoms one from Aug. one from Oct.  Price had a shorter candlestick on Friday than it did the previous two days and the sellling may be slowing for now.  There also appears to be support in the 47-48 dollar range from where the stock was consolidating prior to its run up to 54.  If the overall market gets hit hard to the downside it should continue to fall and may find support near 44-45 dollar range. 

KFT:  Stock has been consolidating in an ever increasingly narrow range since Sept.  If you follow the bouncing price trend price will probably break out of this range within a week or two.   The narrower the range becomes when price gets squeezed the greater the likely hood of a substantial move when it takes place. 

VZ:  This stock only participated in the July rally very briefly and then began a slow downward consolidation.  Look at how many points price connnected with or almost connected with on the way down to its bottom in Oct.  Notice the 25 and 50 day MA crossing price in Oct./ Nov. The TL is sandwiched between the 25 and 50 day MA giving a good indication of trend reversal to the upside.