Dow Jones Stock Market Video Analysis June 2009
…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. …
So, there I was having done a Dow Jones trade that I had every
reason to be proud of. I had bought the Dow Jones at 6474 last
Friday night, just 4 points off the low of 6740 prior to a major
rally. I had watched it retrace to the 76.4% Fibonacci
retracement level, while having added a slightly misguided
pyramid to the position at the 61.8% retracement.
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Matsys D Trade Signals – FXStreet.com
Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, options and spot
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