(c) Dreamtai Stock Trading Software
Disclaimer: For education/entertainment purpose only. Invest at your own Risk
Today, the Dow Jones Index opened the session strongly but mid day lost steam and went down. It tried to go up by end of day but could not reach previous high. It managed to close by with a 74 point gain.
Again, it appears that the market is still choppy and is trying to get upto the channel, but is tooo weak and gets pushed down again and again.
As seen in the figure, two times the market tried to go above 11,200 and one time above 11,300, but it is getting pushed down at these levels.
If the market goes below 11,000, concentrate on short selling stocks.
Also, did you notice another thing ? The BLUE DOTTED MOVING AVERAGE LINE is getting to slope downwards, which does not look like a bullish sign.
Let us wait and see what happens.
(c) Dreamtai Stock Trading Software
