Stock market status as of August 29, 2010

The Dow Jones Index is hovering around 10,000.
It is chopping around 10,000. This is a major level.
The long term trend is still bearish.
Let us see what happens next.

Market status as on Aug 22, 2010

The Dow Jones index broke the previous support level and is now heading downwards.
Possible support level is around 10,000

Trend is still bearish.

Market status as on Aug 15, 2010

The market is still bearish, as seen by the red bar color.
It is now touching the 50 day average.

Google has turned bearish..red color bar.





Apple is already bearish.




As you can see in Apple chart, it is very choppy and so gives fake buy and sell signals. DreamTai does not work very well for choppy stocks.

One way to get round this is to use a longer time frame.

I am still doing research for handling choppy markets.

Market Status as of August 11, 2010

Today, DreamTai gave a SELL signal for the Dow Jones Industrial average.
So, the market is no longer bullish.

So far, the new version of DreamTai (version 5.02.014 under testing) has been doing great in tracking the market trend. I am looking forward to release it by September end.

Stock market status as of August 8, 2010

The trend is still bullish, as the price bars are above the 50 days moving average and are green in color.

I will keep you updated if the trend changes.

Market Status as of August 1, 2010

The Dow Jones market index is still green in color and bullish.

I will post as soon as the trend changes and color turns red.