DOW jones analysis

Here is why I think the market will fall this week.

1. Negative divergence of price and macd histogram
2. price is near resistance
3. stohastics are over-bought.

something to keep in mind.

 

Feels good to be right

 

Hope you made money, but you really didn't go out on much of a limb considering the S&P's were already down 16 points when you made your prediction.

 

time to buy SKF, as dow is due for a drop as we're back in overbought territory.

 

Is this prediction based soley on stohastics?

 

No. I see resistance from december of last year as well.