
|
Weekly Market Updates: WW12
Posted by lionel319 @ Sat 22 Mar, 08, 01:00PM under Weekly Market Updates
![]() Wow .... what a handful of lines. :) Well, let's go thru it one by one. Last week was a 4 day week, with Friday being the holiday for Good Friday. We saw the doji formed on last Monday, with a sign that shows a strong support at 11750 for the Dow Jones. The next day, the Dows performed yet another strong show by achieving another highest gain in the past 5 years, breaking it's own record which it just achieved last week, by conceiving another 450+point gain in a single day. This day completed a variation of the Rising 3 method (purple colour square box) , which is a candle chart pattern that shows bullishness continuation. On top of that, the overall picture of the Dow Jones is slowly showing to complete a Double Bottom pattern (the huge 'W' in orange color), which is also a bullish sign, if only the pattern is completed by crossing over the neckline at point 12750. Seems like the market is showing a lot of signs of bullishness ahead. My prediction of it is that, the bulls are now heavier than the bears. leave me a message |
Categories
Latest Posts
Archive
|