(c) Dreamtai Stock Trading Software
Disclaimer: For education/entertainment purpose only. Invest at your own Risk
Here is the analysis of the Weekly Dow Jones Industrial Average chart. The market has been moving in a channel pattern for a long time.
It is now way oversold and is due for a correction to the upside.
If that does not happen and the market falls below 11,100 then Oh-Boy-Oh...!!..It is very bearish.
If the market falls then the next downwards target is 10,900
If the market rises, it will rise towards the top of the channel pattern.
As for us, we do not aim to predict the market. That is not our job. Our job is to PROFIT from the market trends.
We react and base our trading strategy based on the market trends.
Till now, the market has been trending upwards in a sloping channel pattern.
If it breaks the trend, we turn bearish and search for bearish stocks to short.
Many members have asked me to provide a detailed explaination about shorting shares. I will be putting out an article explaining what is shorting during this week end.
(c) Dreamtai Stock Trading Software
