Tuesday, November 3, 2009

DOW - STI (Bottom fishing ?)


MACD Signal line above ctr. meaning the uptrend is intact.
Should 50 MA start to crossover 100w MA, the bull trend is confirmed. By then, weekly 4R1G will appear.
Comparing both chart seems to show that long term trend is up while short term retrace is happening. This  would be good opportunity to invest when it starts to rebound below 30% RSI.

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