greetings, we are issuing a severe wave warning for the DJIA starting this monday. the index is currently at a critical time price juncture as of the close today ( friday ). we are presently FLAT the DJIA-- the channel is 10477--10353. long above, short below, flat in the middle. i am not going to reveal my bias at this time and will simply trade or not trade mechanically based on the chanel system. enjoy the weekend surfer
i am feeling bearish---- there was an increase in the leverage bull funds yesterday despite the down day--- this is a classic contraian indicator. holding shorts. surfer