Wednesday, November 25, 2009

20091125 1745 DJIA EOD Daily Chart Study.



The Dow closed marginally lower at 10433.71 down 17.24 with lower volume traded. Daily chart wise, Bollinger band reading still suggesting an upside biased movement market but however MACD Histrogram taking an opposite call by turned lower telling us that selling mood remained strong. With these mixture signals and for the sake of risk management, it would be better to only do intraday trading with quick cut loss and profit target.

No comments: