Sunday, November 18, 2012

10 year Dow Jones chart:Drop to 6500 points again?

While I stay tuned to take trading chances there are in my humble opinion certain obstacles like the current Dow drop to consider:

The Dow Jones bounced as visible back of trying his all time high below important support lines as the GD 200.

If this goes wrong and the Dow is at least retracing back to his 10 year axis in the next months around 10500 points...
Honestly said,I can wait for upcoming bullish markets for quite a period of time,the reward will be worth it.:)
In the meantime I am trying to improve the personal trading system further and be since a while experimenting with a five day Exponential Moving Average as "In" and "Out" signal.More about it in the next posting.:)

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