Dow Jone Industrial Average:
Dow Jones industrial average is making all time highs during the last week and every body is gung ho about the same. So now we see what the charts are indicating. As can be seen in the above chart there is a huge -ve divergence of RSI with the price also notice the volumes which are on decreasing trend(migh be due to christmas) but technical s are technical s and the divergence along with volume reduction is indicating that we might reverse any movement and the current up moves lacs strength. There is -ve divergence in MACD and others also which are all indicating that the up move is going to end as early as possible. So the beginning 2015 is going to be surprise for bull as far as dow jones. So watch out for the same.
May all be Peacful and Happy
Mahiidar M
Enjoying Life
Trend is Friend
Dow Jones industrial average is making all time highs during the last week and every body is gung ho about the same. So now we see what the charts are indicating. As can be seen in the above chart there is a huge -ve divergence of RSI with the price also notice the volumes which are on decreasing trend(migh be due to christmas) but technical s are technical s and the divergence along with volume reduction is indicating that we might reverse any movement and the current up moves lacs strength. There is -ve divergence in MACD and others also which are all indicating that the up move is going to end as early as possible. So the beginning 2015 is going to be surprise for bull as far as dow jones. So watch out for the same.
May all be Peacful and Happy
Mahiidar M
Enjoying Life
Trend is Friend
No comments:
Post a Comment