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nasdaq and DOW

 
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Wed Sep 29, 2004 12:08 pm    Post subject: nasdaq and DOW Reply with quote

Both indexes produced candlestick signals yesterday, the NAS a doji/harami at the 50 day moving average and the ODW formed a bullish engulfing signal, both with the stochastics near the oversold conditions.
If buying here, be nimble, this could be a bounce, but play the long side until the signals tell otherwise.
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