Dow Jones Index Week 40 - Review and Analysis
DOW JONES
COMMENTS: And so, DOW had another week of “doubts” and “uneasiness” among the traders. As you can see from the relative chart last week’s trading ended a little higher than the week’s low. The red trend line originating from October 2017 is just below the lower DOW’s price during last week’s trading and is expected to act as supporting element. Don’t expect this point to a clear cut contact. The stocks’ markets don’t have enough speed for similar fast moves. So, even in the case Dow’s price lowers till the 50SMA there is no indication yet of a trend reversal at this levels. Well, I cannot exclude that, at least, a “pull back” is prepared nevertheless there is, still, no evident sign of a twist towards “deep previous levels”.
SUGGESTIONS: Stay away until the price of DOW clears whatever feelings may have with the famous red trend line from October 2007. In every result you will have plenty of time to open positions. Any direction DOW may choose will last for several weeks. Good luck friends. I am wishing you a happy week and a Happy October. Fresh mushrooms are coming up this month.
DOW JONES
COMMENTS: And so, DOW had another week of “doubts” and “uneasiness” among the traders. As you can see from the relative chart last week’s trading ended a little higher than the week’s low. The red trend line originating from October 2017 is just below the lower DOW’s price during last week’s trading and is expected to act as supporting element. Don’t expect this point to a clear cut contact. The stocks’ markets don’t have enough speed for similar fast moves. So, even in the case Dow’s price lowers till the 50SMA there is no indication yet of a trend reversal at this levels. Well, I cannot exclude that, at least, a “pull back” is prepared nevertheless there is, still, no evident sign of a twist towards “deep previous levels”.
SUGGESTIONS: Stay away until the price of DOW clears whatever feelings may have with the famous red trend line from October 2007. In every result you will have plenty of time to open positions. Any direction DOW may choose will last for several weeks. Good luck friends. I am wishing you a happy week and a Happy October. Fresh mushrooms are coming up this month.
