Wednesday, December 9, 2009

20091209 1630 DJIA EOD Daily Chart Study.



A stronger US dollar pushed the Dow to end 104.14 lower to closed at 10285.97 with higher volume traded. Yesterday black candle bar dive through and closed below the middle Bollinger band with the band width turning even tighter = the side way market to continue. MACD Histrogram continue to fall = negative sentiment returned once again. With the directionless market that still trading within the range of the plotted horizontal lines, it would be tougher for position trader to participate in the market.

No comments: