TASS Blog - Bearish on US Stock Market Trend

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Location: Blogs My Blog about Technical Analysis
Posted by: kpyang	7/1/2008 12:12 AM
Dow Jones formed 2 dark long candle on Thursday and Friday. Plus, it break the major support level too. My take is that the market will continue the down trend till we see higher high and higher low formation again. The indicator that I am using like stochastics and RSI are all suggesting down trending market is in play now. Plus the break out last thursday, shorting looks to be rewarding. That's just my current analysis using TA. I have a full post and analysis on the Bearish Dow Jones at my investment learning blog too. I like to blog because it helps me to rethink and analyse the market while I am typing it out. If you like to learn about TA or analysis, you can create a blog on TASS and we can all learn together! DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

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