Market Direction with Ed Downs |
Dow 15 Minute Chart Dow 60 Minute Chart | ||||||
Drop and RallyDow at minor resistance. Watch this level tomorrow.From prior commentary, "... we will likely continue to see this type of volatility and uncertainty from the Dow until a clear break from the range occurs. The index seems to be "winding up for the pitch", so we will continue to watch the break points for action..." The Dow broke the lower boundary of its tight range this morning and formed a consolidation at the low. It broke to the upside and continued to rally, breaking the upper trend line of the channel that has formed over the course of the last two weeks, seen in the 60 Minute Chart. In short, a volatile day. Click Here for full Article | |||||||
Ok, sicher nicht ganz... aber das war schon sehr aufregend, was da gestern passiert ist. Mittlefristige Aufwaertstrend zuerst knallhart durchbrochen und dann auf Schlusskursbasis wieder darueber. Steckt da System dahinter oder ist die Boerse total verrueckt geworden? Jedes Handelsystem gibt da resigniert auf... Oder wurden da nur Limits abgeraeumt? Pure Absicht...?
MfG, ZiZo