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.