DOW jones analysis

Discussion in 'Stocks' started by cashmoney69, Apr 20, 2009.

  1. 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.
  2. Feels good to be right :)
  3. 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.
  4. time to buy SKF, as dow is due for a drop as we're back in overbought territory.
  5. Is this prediction based soley on stohastics?
  6. No. I see resistance from december of last year as well.