Sunday, August 21, 2011

DOW Futures: What do I expect, when we wake up tomorrow?

Dow_futures

This is a calculated guess.

Look at the price action of recent days. After the initial drop on the Downgrade day, It oscillated and touched the Fib resistance area precisely. Thereafter, it started its decline and , at the moment, it is below the trend line of the Post-Downgrade day oscillation.

Hence, I expect DOW futures to show a deep negative indication early tomorrow. Needless to say, what could then be the behavior Asian Markets, from Open itself. So, get ready to handle that. See attached chart to find it out yourself

Note that, this is a calculated guess and in reality, it may vary.

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

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