Time for rebound!

Dow Index futures will be starting their roll-overs before the contract expires on 16/11/07.http://www.answers.com/topic/rollover.Traders will be starting to cover all their short positions and the market is poised to move northward.Normally the activities start 8days before expiry.That's where they have "SELL HIGH and BUY LOW" principles.The subprime rout and yen carry trade are actually old news since May'07 and best kept secret by the market-makers to use as a tool to bring down a market at the right time.Those instituitions release their full scale report at this time of the year just in time for the annual window dressing before they unwind and go for their Thanksgiving Holiday.What a great pre-emptive strike!

Tracking the Dow on Monday 12/11/07

The opening was a "Dragonfly Doji" planning to fly higher.There were many bullish white candlestick depicting the advancing strength.The last hour of trading saw heavy profit taking by daytraders and ended with an "inverted hammer".There were no long shadows beneath it,so a spillover bullish trend is intact.

Will these pair of candlestick,the so called "morning star" transform into a bullish recovery.Looks like it will so as to form the next right shoulder of the Dow.