Tuesday, October 28, 2008

DXD - Ultrashort DOW ...Anything Special ?

there is an identified "breakway" gap recently formed.... it's now the 4th week since it occurred and still, this gap has not been "covered".... this leads me to suspect that it might be covered in the near future.

DXD - Weekly Chart



next noticeable pattern, is the formation of a triangle...and judging by the angle of the apex, it appears that there's a good chance it will move out of this triangle in lesser time than expected... my personal suspicion, is that it could be as early as 1st week of Nov, if it is to continue on the bullish path... otherwise, i would imagine this DXD to be supported at about 70.5

DJIA does look like it is faced with steep challenges ahead to reverse her bearish....

but hey, let's not get too carried away and start staging new bearish positions or piling on more risks than one is able to accept.

good luck all...

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