I just wanted to pop in to wish you a very Happy New Year. May
your Trading success really skyrocket in 2010. I really wish
this for you, no matter how well or badly it has gone last year.
Dow Jones Stock Market Video Analysis June 2009
After the huge rally in recent days, the Dow Jones is hitting resistance coming in from two Gann-type resistance levels generated from two previous intermediate lows over the current move from the March 6th bottom. Also, next Thursday 4th June is a major cycle point, being 90 Calendar days from that March 6th low.
…the Dow Jones shows major support from a long-term trendline going all the way back to the low of 1987 following the Stock Market Crash. THIS is why the stock markets have been rallying of late and for no other reason….
…these are BEAR MARKET RALLIES. Although they are strong, these stock index rallies do NOT indicate that the equity markets have bottomed. Not at all.
Instead, what is happening is that they are finding very long-term technical trendline support and are rebounding from them. …
