Mar 7, 2010

DJIA - HAPPY BIRTHDAY (1 YEAR BULL TREND)

Probably hurts.
        
          I view the bull action as likely a final move before a correction. Technically, the price is overbought in 1 to 4 hour time frames, and DJIA is squeezing every ounce from the bears.
         Now the most likely scenario is for a rally to continue in today's session little more higher - around 10 600, completing (C) wave of a (Y).  Then should be followed by a down turn phase.     
                                       
                  The Daily Index Sentiment is pitching into the extremes again.
Put/call ratio 5 day MA crossed down, supporting my bearish expectations. 
Let the force be with you:)





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