Investment Moats issues a trader warning on Dow trading:
Care with the Dow:
Quote:
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The unusual low volume is a possible indicator that we might have reach the end of this leg soon. The RSI on the weekly charts looks to be turning down whilst the +DI and -DI looks to be narrowing. One should note that based on the past occurance where ADX narrows it usual signals the end of the current trend.
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Interesting to see bearish remarks when the markets in the UK at least seem very bullish.
Warning on Dow
