Yanlord
The Straits Times Index
Three signs to be cautious about :
1. Prices have arrived at the left shoulder resistance
2. Hanging man candle at bearish star position
3. Volume divergence
Dow Jones Industrial Average ( DJIA )
DJIA hits trendline resistance:
Another US analyst, Colin Twiggs**, is bearish about the market, see link here.
** other than Robert Prechter
Yanlord
There is a buy signal from Point and Figure Chart. Current prices are still below the bearish resistance line. A stronger buy signal will emerge when prices breakout from the bearish trendline. Buy on dip: $1.78 ~ $1.80
Labels: Market Direction, Stock Pick
posted by Market Wizards @ July 14, 2010
Comments: 0
