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Sunday, March 6, 2011

Dow Jones Uncertainty

Well everybody is asking what is going on with Dow Jones?

 

Observation
1) Trend Line - Hanging at Uptrend ( Slight Bullish but cautious trading)
2) Formed higher low ( Bullish)
3) MACD - Retracing ( Bearish)
4) RSI - Retracing ( Bearish)
5) Sto - K% (Bearish) and %D Bullish
6) ADX - Weak Momentum and Bullish
7) CandleStick - Forming Bearish Hanging Man (Bearish)


Conclusion
Let monitor at the sideline until we can see a clear picture by forming a higher at 12391 and above.

Stop loss at 11980


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