The Dow previous high @18288 is merely a stone's throw away from last Friday's closing price @18251.97. The volumes are on the average trading sessions have been at even par on the daily turnover; while money flow towards the major index have been increasing with full interest for bull players in contrast to some analyst and activist investors still looking for the " boogeyman " in the market to drive it lower.
The positive tone from a range bound price consolidation would take its breaking price swing in favor of the primary trend. That is if no such contrary report would contradict current market sentiments. Daily session pullbacks are still expected but limited to profit taking rather than short-sellers anticipating a correction as it had always been expected and speculated on by a lot of earlier bear callers.
DOW EPHE ETF v. PSEi - Market Insight
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
No comments:
Post a Comment