Back in March 2008 (around that time), Bush said, “US is not in recession”.
And around that time, DOW had a rally in March starting from 11,800 and it goes all the way up 13,000 before it stops and reverse (in May). I remember the sentiments that many felt the economy is still healthy.
From May 2008 [...]
It was reported on CNBC that Darryl Guppy mentioned that DOW has a trading range of 6,000 to 10,000. To me, that is a very wide range for the short term traders. (Source : Huatopedia Forum)
Let’s just do a quick glance at DOW Weekly using Ichimoku and see what we can find out:
From the chart, [...]
All major indices rally yesterday.
Just last week, I posted a Weekly Chart reading on DOW.
In the post, Ichimoku identified 8011 as possible resistant levels.
Here, I am going to show how it shows up on the Daily Chart.
Firstly, noticed how the Weekly Chart resistant translate to the kumo resistant on the Daily Chart?
On the daily, candle [...]