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SPDR Dow Jones Industrial Average ETF Message Board

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  • tjfvu tjfvu Oct 30, 2008 5:08 PM Flag

    Lot of somber shorts/bears here today

    lol since when has trading become a game of who's right and wrong, isn't the point to make money in every direction? we are merely sharing our points of view regarding the market.

    and fyi mister extremely bullish, the DIA closed where it opened today forming a hanging man, which intensifies the shooting star of the previous day, which point to an extremely bearish signal.

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    • You seem to be reading your candlesticks incorrectly. The market should not have gapped down today and your doji is more bullish than bearish. That formation would be a for sure short if it were at the top of a run. It's not. It's at the bottom of a bear run. Those formations tend to work opposite as they would at the top. So your analysis of this doji being bearish is not correct in this instance.

    • YES, you are so correct VU. Today should open gap down but it went opposite. So T/A not always 100% accurate but aleast we can minimize our loses. Simple rule: Nothing up forever, today up 1000pts,tomorow down 1000pt,who give a care. Let look at the monthly bar and determine next month direction so we can make money. Hey VU if you're a VN like me,email me at to exchange ideas?

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