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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.

I have a new software product for < a target=”_blank”

href=”http://www.teachtalktrade.com/tradestation_indicator_addon.html” title=”Tradestation Indicator

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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Posted on Monday, December 15th, 2008 at 4:38 pm In
Dow Directions, Commodity Futures, Day Trading  

2 Responses to “Dow Directions 12/15/08”

  1. addon | AMD.com hot tags Says:

    […] Vote Dow Directions 12/15/08 […]

  2. Swing Trading » Dow Directions 12/15/08 Says:

    […] 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 […]

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