The Dow had hit the supply zone in the daily chart and in the 5 minute chart, there are many signals for shorting since there was profit taking and some distribution. The US market had been trending up for a long time and do I think it's time and ripe to short the market? I believe soon we shall see some selling taking place. See the 5 min chart, there was a huge drop as profit taking and now I am just waiting for some distribution first.
Ronald K - Market Psychologist - A Stock Market Opportunist
