01 July 2006
Dow 30 - Daily Chart Double Bottom Formation Breakout
Volume analysis shows that there are too many hesitating positions in the market. Expect some consolidation or positions flushing by major bulls before further rebound.
Note monthly chart - 5 up waves have completed. Some form of major correction has to come sooner or later, meaning, be cautious, do not be carried away by current market technical rebound.
Volume analysis shows that there are too many hesitating positions in the market. Expect some consolidation or positions flushing by major bulls before further rebound.
Note monthly chart - 5 up waves have completed. Some form of major correction has to come sooner or later, meaning, be cautious, do not be carried away by current market technical rebound.
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Just saw the DJIA on your article. Seems like it is completing the B wave. Likely to see the C wave coming soon.
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