Tuesday, June 02, 2009

LAST AM CHART " DOW NOW AND 200 EMA"


Compare to chart below of 2002-2003 bottoming of previous bear mkt and draw your own conclusions, I have posted my OPINIONS and OBSERVATIONS. Leave a comment with any questions. I conclude, when the action in your mind doesn't FIT the news or data, or what you SEE with your own eyes in the world, we must look at the charts to give us a more unbiased unfiltered view IMHO.
D

2 comments:

Anonymous said...

Good job! Charts do tell as the fed fogs the future...

Duratek said...

Never the same twice, or dif this time? Why wouldn't this induced manipulated off distorted data rally in the name of HOPE be subject to repulsion of the 200 EMA....short into close paid off...could be short correction, I am watching selling power from my Lowry's sub very closely to see if that wakes up. thanks for comment, good trading to you!