On Friday, the Dow opened in a bullish manner but still was unable to cross the 11,300 level.
We know that it has been trying hard to get there but it can not muster enough energy to crosss this 11,3000 level.
Now TEN days have passed but the Dow Jones Index is trying in vain to cross the 11,300 level.
On the other hand, when Dow fell down from 11,450 to 11,250 on May 16- 17, it completed this fall in TWO days.
If Dow crosses 11,300 it will be a bullish sign as it will begin to move back into the channel.
Below 11,000 it will be a bearish sign.
I have added some stock picks for the adventerous.
I personally would like to wait and watch and see which direction the market will take.
(c) Dreamtai Stock Trading Software
