Yesterday, DOW took off as I anticipated and written in my post. But later on, it dropped. It then entered into the channel, forming an Engulfing pattern and threatening to do down further. I read from a site that it is the “oil Spill” news which triggered the fall.
Look now. It is back in action and at present it is above the top trend line “TT” .
It is more than likely that it may shoot above yesterday’s high of 10218 today itself, unless some other “spill news!!!” triggers…
We will reanalyze the situation later.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
MASTERSTROKES
