Tradingurus.com | The DJ is painting a picture perfect flat co... | Around, Break, Rally, Above

Tradingurus.com The Social-Network for Traders and Investors

Home

Opinions

Content Map

Stock Picks

Forum

Upgrades & Downgrades

Picture Perfect Flat Correction

Written by G L, on 24-01-2008 10:56

Favoured : 5

Published in : Blog Section, My Take On The Markets

The DJ is painting a picture perfect flat correction.

As you can see, the bottom of March 2007 at around 12,000 and the several tops around 14,000 form a perfect block.

The DJ needs to keep above 12,000 and eventually break above 14,000 to confirm that a new and improved bull market has started.

I've entered again yesterday during the rally with 200 points of risk that shall be hedged if the current rally fails to break previous resistance at 12,600.

Recommend this article...

Free social bookmarking plugins and extensions for Joomla! websites!

Last update : 30-01-2008 19:08

Users' Comments

Average user rating

(0 vote)

No comment posted

Add your comment

No Comments.

< Prev		Next >

[ Back ]

Joomla! is Free Software released under the GNU/GPL License. JoomSEF SEO by Artio (http://www.artio.net) - databases, information system and web applications

The news, comments and other copyrighted content are exclusive property of their respective owners. www.tradingurus.com is not affiliated with Reuters, AP or Yahoo News, Google News, or any other publisher whose articles are appear on the Web Site. The news are aggregated by www.tradingurus.com with no claim of Copyright. All trademarks and registered trademarks are the property of their respective owners. Not Legal Nor Financial Advice. www.tradingurus.com does not provide legal or financial advice, the opinions of the articles linked to these pages are those of the authors. All viewpoints expressed by the authors are those of the original author and do not in any way indicate those of www.tradingurus.com.
We do not endorse and are not held responsible for claims made by authors in their individual articles. The accuracy, completeness, adequacy or currency of the Content is not warranted or guaranteed. Your use of information on the Web site, or other materials linked to the Web site is at your own risk.
The columns, articles, and any other features provided on www.tradingurus.com are provided for personal finance and investment information and are not to be construed as investment advice. The views and opinions expressed in an article or column are the author’s own and not necessarily those of www.tradingurus.com and there is no implied endorsement by www.tradingurus.com of any advice or financial strategy.
The information at www.tradingurus.com is NOT a recommendation or solicitation to buy or sell any securities.