Tuesday, May 17, 2011

Short term US market status

Short term US market status

Good morning everyone, hope everybodies have a nice holiday...

Most US index are at Uptrend Support

SP500:
- http://www.obrolanbandar.com/pisgspc.png

Dowjones:
- http://www.obrolanbandar.com/pisdji.png

Nasdaq:
- http://www.obrolanbandar.com/pisixic.png

US Dollar Index:
- USD sedang dirundung AWAN GELAP (pattern bearish reversal DARK CLOUD
- http://www.obrolanbandar.com/usddarkcloud.PNG

Note about Reliability of Dark Cloud Pattern:
If the black real body's close penetrates deeper into the prior white real body, the chance for a top increases. There are some Japanese technicians who require more than a 50% penetration of the black day's close into the white real body. If the black candlestick does not close below the halfway point of the white candlestick then it is better to wait for confirmation following the dark cloud cover; and even if it does, a confirmation may still be necessary. This confirmation may be in the form of a black candlestick, a large gap down or a lower close on the next trading day.

No comments:

Post a Comment