US Market Indices Review: Dow Jones Industrial, S&P500, NASDAQ – THE RETURN OF THE BEAR?

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All 3 US Key Indices Dow Jones Industrial, S&P500 and NASDAQ Composite faced sell off in the last 30 mins of trading hour. This is not really unexpected because I am predicting the stock market will turn to bear again after the recent 3 days strong rally because they are hitting the resistance. Fasten your seat beat in the coming week because I am anticipating another Bear Flag, ie. another big sell off!

 

 

 

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9 thoughts on “US Market Indices Review: Dow Jones Industrial, S&P500, NASDAQ – THE RETURN OF THE BEAR?

  1. Dow Jones Industrial, S&P500, NASDAQ Composites broke 50D MA resistance yesterday with THIN Volume. There is also Price Volume Divergence on this rally. Still too early to tell whether this rally is sustainable and change the trend from bear to bull. This week will be crucial to set the trend when the earning season starts.

  2. Hey..

    Someone used my nick to post the comment below:

    Free information not necessarily always good.

    Comment on Oct 10th, 2011 at 9:58 pm

    Pls note the above comment is not posted by me.

  3. By the way, some analysts have opined that there is a turn date in early Oct and that we have hit an intermediate bottom..

  4. We just have to open our eyes big big to watch the chart..
    Only chart can tell the story and none of us are fotune tellers. We just need to trade with the trend. Trend is our Friend!

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