Double tops, neck line and down down down.
June 11th, 2008 by tomx
As previously mentioned, DOW and NAZ starts a long way down. Dow form a double top pattern, went down and broke neck line. Currently it passes the down side target and neck line got tested already as a resist, a new down move is coming soon. RSI/MACD/CCI having signs of temperately bottom, might be just waiting for Naz to lead a new round of down?
Naz also has a nice double top and neck line got broken as well. However the down side target still not reach yet. and neck line doesn’t got confirmed as the new resist at this time. RSI/MACD/CCI all showing NAZ is weak and in a smooth down trend. Well, don’t fight the trend, follow it…