- Dow went below 10100 in the opening bell itself. which warned what's about to come.
- The opening bell took dow outside the rising wedge that gave the short traders good profits.
- The down trending channel is still intact. Exactly from the top of the channel is were dow came down.
- Dow jones weekly channel consistantly closed below 5 day EMA which showed no strength returning.
- The last chart shows what was about to come. The negative divergance even before that near 1000 point move a day the negative divergance was clearly visible in the hourly chart.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 5, 2010
DOW JONES ANALYSIS AFTER CLOSING BELL
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment