DOW: Flat Tops Cause…..

DOW: Flat Tops Cause…..

Drops!

A screen shot of the DOW Futures Weekly chart showing a history of flat tops.

Oh, and the huge channel detailed in this post has so far rejected the bulls attempts to break through.

Note that statistically the Monday before OPEX should close green, although I don’t believe the retest of Wednesday’s lows was good enough today and there should be another lower low to come. For now, I’m fairly neutral on Indices overall. My system remains long on the DOW Daily time frame, whilst I’m also holding a day trade short position on FTSE over the Weekend.

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  • This Week's Swing Trading Round-Up 20th October 2012
    Posted at 16:05h, 21 October

    […] seemed intent on doing so. As you can see from the series of DOW charts posted which can be found here, here and here, it’s my opinion that the market is bullish above 13,277 and bearish below […]