My Trading Adventure

DOW bearish

CP TEH
Publish date: Sat, 30 Jul 2016, 11:33 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.


DOW as at 25th July ... MACD pointing down. SHORT.


Updated ... last night DOW down some 24 points. MACD bearish cross-over seen.

Technically .. it is early sign of bearishness ... we shall wait for the 20MA (the red line) as support.

We could see short rebound from here before a correction in place. Watch August ...

Have a nice weekend as I do have 3 classes today.

TEH




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Discussions
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ScrewDriver

Don't short DJIA, it can create new high means there must be strength in it compared to other indices. Why do you short the strongest index? This is dangerous and you might as well get squeezed badly.

2016-07-30 13:52

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