Tuesday, October 13, 2009

20091013 1625 Dow Jone Daily Chart Study. Doji Bar Alert !



The Dow ended 20.86 higher to close @ 9885.80 forming a doji bar candle. It managed to climbed and break through the 9900 phychology level but unfortunately close 15 points below. Daily chart wise, price still hanged near upper Bollinger Band with Bollinger Band widen plus MACD Histrogram continue to rise above positive territory shows bullish sentiment still hanging around the Dow market. Having said that, the doji bar candle that carried the sign of uncertainty alerted me of a possible pull back may happen anytime. At last look the Dow futures is trading down 10 points.

No comments: