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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Tuesday, March 31, 2009

Dow 30 on a 10 day 10 min


The Dow 30 as well as most of the major indices are sporting similar patterns on the 10 day - 10 min timeframe. The question is are we at the bottom of a bull trend or topping out on a shorter time period bear?

What I know is that the volume today was anemic on the way up and then when the 5 day EMA held as resistance the Bears came in earnest to drive the market down. From this we can discern that the trend in play is down with tightening up stops on the way....

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