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Sunday, February 27, 2011

Dow got a white candle after a bullish Reversal

Hmm, it seems i was right about the Dow Jones rebound after the Bullish Hammer was form (Refer to the previous posting i have made). Let observed for the next week performance

1) Trendline - Above the Uptrend Line - (Bullish)
2) HH - Formed a Higher Low ( Bullish)
3) MACD - Retracing Bearish and let wait for a good entry signal at 4R1G
4) RSI - Rebound at 50% ( Weak Bullish Signal)
5) ADX - Momentum Strong but Bearish
6) Sto - Signal rebounded at 20% ( Bullish)

For Futures Long..
Entry Price - 12175
Stop Loss - 11983
Take Profit - 12341(R1) and 12607 (R2)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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