Hopefully, the DreamTai users have not suffered much losses.
I have attached the charts of Dow Jones Industrial average and the ETFs for the major index names like DIA, QQQ and SPY.
For each of these, you can see that DreamTai has asked you to get out of long positions and think about shorts around a week ago.
1. The prices have moved below the pink line, which means that the trend has changed to bearish and you should start thinking about shorts.
2. The color of the price bars have turned red, which means the price momentum is downwards.
3.The Power Rankings for DIA, QQQ and SPY are only a bit negative now.
They are all negative around -1. Remember that +3 is the minimum to call it a bullish trend and -3 is the minimum to call it a bearish trend.
There could be more bearish trend to come.
The Power Ranking for Dow Jones Industrial Average is invalid because there is no volume data for the Index, so please ignore it.
Start looking at suitable shorts, if you are into shorting, and start tightening the stops for your existing long positions.
-Sanjoy
