AI
Sunday, February 28, 2010 11:55:03 AM
Dow charts
Funny thing is, after 5 of 7 red weeks, after tanking from 10,730 to 9,835 (-900 points) in 13 sessions, we are still back at a healthy 10,325.
45 points shy of the 50MA, looking very bullish to me.
Weekly:
Daily:
What looks bearish to me is the $USD, well there are some good things (golden cross 50MA above 200MA, aside from the 10EMA all the short-term moving averages are pointed up, but that could change very quickly)....On the bear side look at the CCI(20) and slow sto and possible double top:
Funny thing is, after 5 of 7 red weeks, after tanking from 10,730 to 9,835 (-900 points) in 13 sessions, we are still back at a healthy 10,325.
45 points shy of the 50MA, looking very bullish to me.
Weekly:
Daily:
What looks bearish to me is the $USD, well there are some good things (golden cross 50MA above 200MA, aside from the 10EMA all the short-term moving averages are pointed up, but that could change very quickly)....On the bear side look at the CCI(20) and slow sto and possible double top:
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