Wednesday, May 13, 2009

Bear Rally stalled.

Tracking the weekly Dow on 12/05/09.
Seems that the Dow is hoovering sideways ahead of Dow Futures Expiry this Friday 15/05/09.
There were hesitation to penetrate the bull pivot and stale bulls are finding its way to the MAV resting line.
The MAV line were tested on May07 & May12.
Looks risky at the moment.