Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,

Saturday, August 27, 2011

Bermuda Triangle for the Dow??

After the Dow Jones Industrial dropped almost 16% from July 27 to August 10, some kind of consolidation pattern ought to form; a triangle continuation pattern appears to be in the way right now in the markets.

Look closely at the Dow Jones next week, if this proposed triangle forms, the end will be near the last part of the week. A break below the lower ascending line would confirm the conclusion of the formation, some times a return move takes the price to the lower line, sometimes a return move does not occur, after the breaking of the line the next stop for the Dow is 10,250.

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com