Tuesday, July 14, 2009

The real deal.....

I wanted to post two seperate posts today, one to show the updated DJIA chart and the other to give my analysis work.

I feel like i am coming back into the 'zone' again. Last week i had a 'bad' trade that was stoppped out which kind of discouraged me a little bit. I've sat back and re-assessed my situation and have come-back with a new game plan and am ready to rumble.

I mentioned a little while back that i was going to focus more on the XJO rather than the DJIA but i feel like the DJIA is acting more 'rational' and thus i will be focusing my analysis work on the DJIA.

'CAUTION': Goldman Suchs (GS) reports tomorrow 'before' market open, EPS estimate; 3.48.

I know this is not technical but i will try interpret this information from a T/A perspective.

I think the DJIA will pull-back ever so slightly then rally even higher. This is a 'big call' but i will demonstarte it in the chart below.

Photobucket

safe trading

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