Dow Directions 12/15/08
Well I guess I will be a parrot again…. Another wild day on Wall Street. We had a < a target=”_blank”
href=”http://www.teachtalktrade.com/candlestick.html” title=”Candlestick patterns”>bearish engulfing
candle candle put in today on the Dow. This does bodes well for tomorrow and prices would tend to
extend in the same direction based upon this bearish candle formation. We closed just above the 0%
retracement level and can not seem to get any traction to the upside. Visit my < a target=”_blank”
href=”http://www.teachtalktarde.com/swingtrading.html” title=”Swing Trading”>swing trading
subscription page for < a target=”_blank” href=”http://www.teachtalktrade.com/daytrading.html”
title=”Day Trading”>daytrading the DIA.
The < a target=”_blank” href=”http://www.teachtalktrade.com/momentumoscillators.html” title=”momentum
oscillators”>momentum oscillators are still heading to the upside but have turned neutral today. The
< a target=”_blank” href=”http://www.teachtalktrade.com/movingaverages.html” title=”moving
averages”>moving averages are still poining down and that would suggest that there is more downside
action to be had.
Please take advantage of the FREE < a target=”_blank”
href=”http://www.teachtalktrade.com/morningcall.html” title=”morning call”>Morning Call where Uncle
Mike discusses Dow and & subscribe to my Swing Trading Subscription < a target=”_blank”
href=”http://www.teachtalktrade.com/mechanical_monkey.html” title=”mechanical monkey”>The Mechanical
Monkey where we discuss our mechanical trades in ETF’s, E-Minis, NASDAQ & Solar and Alternative
Energy issues.
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Addon”>Tradestation users, My Trade Assistant, it is an Indicator Add on… check out the !
Uncle Mike
PS Check out our “Trade As A Business” course ( < a
href=”http://www.teachtalktrade.com/business_plan1.html”>www.teachtalktrade.com/business_plan1.html )
as we will be starting a new course in the comming weeks. Email um@teachtalktrade.com for information.
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December 16th, 2008 at 4:38 pm
[…] Vote Dow Directions 12/15/08 […]
December 16th, 2008 at 7:46 pm
[…] Teach Talk Trade Blog wrote an interesting post today onHere’s a quick excerptDow Directions 12/15/08 December 15th, 2008 by Uncle Mike Well I guess I will be a parrot again…. Another wild day on Wall Street. We had a bearish engulfing candle candle put in today on the Dow. This does bodes well for tomorrow and prices would tend to extend in the same direction based upon this bearish candle formation. We closed just above the 0% retracement level and […]