I spotted a ugly looking inverted hammer on the chart of the Dow Jones. Notice that the wick of the candlestick is very long and this adds to the potency of the candlestick. Basically, the inverted hammer tested the resistive trendline successfully. I am inclined towards a break of the downside of the triangle formation as mentioned in my last post.
Dow Jones Industrial Average:
Wednesday, February 20, 2008
Ominous candlestick for DJIA
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment