July 28, 2010

Triangle of Dow Jones

  • Triangle has broken on the down side. If this is not a false break down the index can come down at least till 10450.
  • 15 minutes chart of Dow Jones is forming a triangle pattern.
  • Since the index is trading at previous high a pause or a negative move is possible before making new high's.

1 comment:

  1. Gold is going to crash to 500 is all I am hearing. LOL. I think it needs a breather.... as it keeps reaching for the moon.

    oh Here is another guy on todays action and where the market could be heading. He has been extremely accurate in the past. - Video Analysis http://www.youtube.com/watch?v=44z9XHC39Tc