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

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!




This Post Has 9 Comments

  1. Free

    Hi Marubozu,

    Just dropping in to say that I have found your posts very informative.


  2. Marubozu

    You are welcome, Free!

  3. Free

    Free information not necessarily always good.

  4. Recruit

    Isn’t a “3 days strong rally” called “3 white soldiers”?

  5. Marubozu

    Yes. They are 3 white soldiers.

  6. Marubozu

    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.

  7. Free


    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.

  8. Free

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

  9. Marubozu

    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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