Wednesday, July 1, 2009

Golden Cross for Dow Now



Since my last posting on the ugly Dow chart a couple of days ago, the fate has been reversed on the next day with a white bullish engulfing candle. Now, I see another postive sign of a Golden Cross (50day and 200day MA). MacD has also improved significanlty and hopefully, we see a bullish cut and a positive green histogram the following days. That would confirm the resumption of uptrend.