Sunday, July 10, 2011
Will Dow Jones retrace after a long bullish run?
Hmm.. Wonder will Dow Jones take some rest and retrace to the support or continue to march upwards.. Let hope it continue non stop..
1) Trendline - Uptred- (Bullish)
2) Formed higher high - (Bullish)
3) MACD - 4G1R (Bearish)
4) RSI - Broke above 70% (Bullish)
5) Sto - Formed Bearish Crossover (Bearish)
6) ADX - normal momentum and Bullish( Bullish)
7) Candle Stick -Formed Hanging Man and let wait for next day trading to confirm ( Slightly Bearish) and if next day trading close with black candle this will show some retracement on the way..