Looks as though the good old dow will keep us in suspense for as long as possible.
Last nights action still was inside the confines of a symmetrical triangle, with the highs of the 7th, 14th and 31st of october and last night forming the downsloping upper trendline.
The lows from the 10th, 24th, 27th and 28th of oct forming the lower upsloping trendline.
The Macd looks bullish and the stochastics are pointing up, but now nudging into the overbought area.
The RSI is also bullish with divergence present compared to price.
I have been following with great interest the time based traders, whom have been saying for some time the dates to watch are the 6th Nov and the 16 nov.
It might just be that DJIA will fall from here in the very short term, or at least respect the downsloping trendline until the time aspect is achieved.
I would simply put up a chart to show the pattern i see, but I am at work and the site I use to upload my charts to is blocked.
Safe trading folks.
Commy
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Looks as though the good old dow will keep us in suspense for as...
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