Tuesday, June 14, 2011

DJIA - The Big Trend



I was watching the Dow closely and I am particularly interested in the overall longer trend of the Dow.It's 2.31am in the morning and I woke up just so to verify if I am correct on my analysis. I constructed these trendlines a month back and without a shadow of a doubt, I believed this is the correct trend so far and it had never failed me. Today we experience a bullish action on the 5min chart on the Dow which is going to be reflected on the daily chart.

Ronald K