X,
>>>>>>>>> We have a mat hold- which is a bullish continuation pattern on the 5 min DJ-30 <<<<<<<<<<<<<<<<
You also have a double bottom, which is bullish, and the VIX also gave a BUY signal.
All I am saying is we have another NEGATIVE 1000+ TICK it could be dangerous. I could be dead wrong, but almost on a daily basis there is at least one big negative TICK reading in the afternoon, which has not happened yet. It may not happen at all today, but that would be going against the statistics.
If I may suggest, wait for a big down tick near negative 1000 and see where the DOW is then. If it is off the lows then that would indicate a higher low for the day, and further confirm the bullish candlestic signals. If the big negative tick in the afternoon does not happen, it does appear that there will be a rebound, at least for today, and one would have missed the chance.
Seeya |
