Lets take a quick look at the weekly chart of the Dow Jones Industrial Average ;A parabolic fall ? Yes, experience teaches me that they do occur (less often than parabolic rises).
Great potential for reversals
MACD is now giving us a higher lows
Pay attention to the "tiny trendline"
Great entry level (if you like using the MACD) ; in the 12,26 (MACD signal) wait for a weekly close above -750
3 comments:
Hi Moise
With Monday's disclosure of Giethner's plan to buy back the toxic assets from bank, do you think it's an impetus for the major indexes to move forward?
I was expecting a pull back further before it can shoot up any further. Let me know what u think about it.
Thanks!
Hi Julia,
I agree , I am also expecting a pull back before a strong move upwards
Hi Moise
Looks like today's not the pull-back day. Have you gone in to scoop anything yet?
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