Friday, October 2, 2009

20091002 0839 DJIA closed @ 9509.28 down -203. Wa La !


A very good news for short seller. DJIA ended below Mid Bollinger Band with a wide range bar black candle with sustainable volume = Bearish. Bollinger Band width narrowed by a fraction suggested that the market might still stay sideway but should the width expanded with price traded below Mid Bollinger Band, we might see DJIA will be trading downward. MACD Histrogram continue to lowered indicating seller are in the market.

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