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tirsdag 8. desember 2009

Dow Jones: Awaiting high volatility!

Dow Jones: At the moment trading in to a coil formation, with a negative divergence in the RSI. RSI trades in top of range. Awaiting volatility to pick up short term. BDD 10440 appears as the short term resistence level, DDLow 9580 as the support level. If DJI breaks out of the coil formation on the upside, and with that, the resistence level BDD 10440, next resistence level is DDHigh 10580 ( + 1,8% ). On the downside DDLow 9580 ( - 7,70% ). With the risk reward of ( +1,8% / -7,7% ), and with the negative divergence in the RSI, I would either allocate in to cash, or go short.
Terminology: My Dynamic Theory

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