Dow Jones on 10 October

Everybody must be wonder why Dow Jones will turn red after a nice week of rally and many thinking it is a start of a bull run. Basically there is yet no sign of actual bull run yet..

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI -  above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 50% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor -Europe Fear ( Bearish)
9) VIX - Going up ( Bearish), There might be a rebound in the VIX and which is a reverse proportional with Dow Jones.


 

6Points

      3 Points

Winner Bear ( Throw down wrestling style)

Greece Factor again!!

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Dow Jones on 4 October

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor - German Support Yes for Greece Bailout ( Bullish)
9) USA GDP - 1.3% meet expectation ( Bullish)

4Points

      5 Points

Winner Bear ( Throw down wrestling style)

Greece Factor again!!

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM

KLSE on Oct 4

Better take this second chance to get out of Market during the peak of a dead cat bounce..

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish) - This is a downtrend confirmation and it was a bear trap!!
3) MACD -Bearish Crossover (Bearish). If today retrace again 4G1R will appear to confirm bearish
4) RSI - Floating aroubd 30% (Undetermined) - and break below it will be a Sell Signal
5) Sto - Bear catching up with Bull , bad indication (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Black candle after spinning top (Bearish)

6Points

      0 Points

Winner Bear ( Throw down wrestling style)

USA and Europe Index shows a lower low trend which indicates it will go further downwards

Entry Price 1397
Resistance 1443 and 1424
Support at 1352 and 1342 and 1314

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

http://edwinextremebullrun.blogspot.com/search/label/FORUM