Thursday, November 13, 2008

Another powerful reversal signal in market today

Another powerful reversal signal for Dow Jones Industrial Average around 8000 level.
This is sort of double bottom- market rebounding after testing psychological level of 8000 for DJIA.

The volume was also very nice. Similar signals can be seen in Intel, Cisco, apple etc. (INTC- Intel as such has a strong U TURN signal- bad news- lower open but the stock managed to close strong.

Keep a stoploss at today's low prices.

No comments:

Post a Comment

What is wrong with my trading? The other me who keeps screaming inside me that the market is too risky. It is about to crash!!! It is actually killing me instead.

This all started in 2020. Two of my accounts were reaching 7 digits and I wanted to go all cash once they crossed that benchmark but I was 3...