June 3, 2010

DOW JONES RISING WEDGE AND TRIANGLE


  • The fight between bulls and bears are clearly visible in the charts.
  • Bulls trying to keep the triangle intact
  • Bears want the rising wedge to break down the bottom trend line.
  • Lets see who wins at last. My personal view is that the triangle will win at last.
  • Caution i may go wrong so have stop loss.

4 comments:

  1. Dear San,
    It's nice chart and it's prediction.I believe in it.Because Sooner or later even our Nifty is likely to show it's REAL COLOR
    On 1st June Dear Gautam Bajaj has posted that "DOW - Last hope 10062 Below this it will crack!
    I expect a complete retracement for the DOW - T1 8400, T2 7300 and T3 6700 / 6300 by October"

    Let us see.

    ReplyDelete
  2. @Mynac Thanks for the comments

    T3 of 6300 what will happen to nifty then?

    for dow at 6300 something should go wrong terribly. The euro problem is not enough for it to go down so far.
    thank you

    ReplyDelete
  3. Dow will not go to 6300. Don't worry. Likely target is about 7400 in 2 months.

    ReplyDelete
  4. Actually less than 2 months. You can imagine where will nifty be.

    ReplyDelete