Friday, November 12, 2010


Quick update on DJIA

We can see that the current top of 11451 acts as a good resistance and DJIA has been forming a evening star on Monday followed by 3 days of downward movement.

For PW Traders and ProTM associates:
Tonight, if DJIA has broken yesterday low of 11231 and closed below 11230 the Z1 line, it gives us the first sign of trapezium formation.

Traders are recommended to short DJIA but must wait for the sign to develop as there would also be false break.

Plan your trade, and trade your plan only.
- 7 Habits of a successful trader.

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