Sunday, November 2, 2008

TA of Dow Jones for coming week (3-9 Nov 2008)


MACD: Bullish crossover
RSI: Has not reach to overbought yet, upside is still possible
Average True range ( ATR ): Divergence, Signaling a reversal is possible
Parabolic SAR ( Red circles ) : Intersect the price line, bullish
Moving Averages (MA) : 5 day MA cut above 7 day MA
Bollinger Band: Price went pass the center of the band, bullish


In general : It seems like the trend for the Dow Jones is going to be bullish for the week. Lets see..


*Disclaimer : What ever appears on the blog is for your own reference only. It is not an investment/trading advice. It is always best to consult your personal financial adviser before parting with your money.

2 comments:

shawnshawn said...

keep it up, ntuchartist.. i will be ur long time supporter for ur blog.. had been a regular these days

ntuchartist said...

haha thanks! Appreciate it =)

Btw, is there anything that you like to read in particular or would like to read?

Trying to improve on the blog..

Also, if you have interest in TA, maybe we could discuss through email (mine: ntuchartist@hotmail.com)..would like to hear different people's view..

thanks!