Look at Dow 3 months chart from Yahoo, Dow gave a second spinning top with a white body on Friday. Hope I can get a long white candle for Dow on Monday. With two spinning tops, chances is very high that the next candle is a long white candle. It is very very unlikely to get a black candle down south. However, if this unlikely event does happen, I would prefer to hold on to my cash and see whether it will drop below the November 08 low of 7552.
Sunday, January 18, 2009
Another spinning top
Look at Dow 3 months chart from Yahoo, Dow gave a second spinning top with a white body on Friday. Hope I can get a long white candle for Dow on Monday. With two spinning tops, chances is very high that the next candle is a long white candle. It is very very unlikely to get a black candle down south. However, if this unlikely event does happen, I would prefer to hold on to my cash and see whether it will drop below the November 08 low of 7552.
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US market closed Monday to observe Martin Luther King Jr.,
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