Dow Jones is likely to fluctuate within the drawing wedge. American will be focus on the Presidency Election on 4 Nov, where the market interest may be distracted. We may be able to see Dow Jones makes a triple bottom of 8100.
On the other hand, though DJI can break up the 9500 level, chance of continuing uptrend is still there. Furthermore, the reading on daily candlestick of DJI shows the possibility of correction ahead. Long Marubozu followed by small stacking candles on top of Marubozu is normally the sign of weakening of momentum.
Saturday, November 01, 2008
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