The rise of Dow continues. The fight between the bulls and the bears has reached to a boiling point where either one must prevail later today or next Monday. This is because both the support and resistance are closing in quick. There is very little room to remain indecisive. (See chart below.) We have the [...]

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What a day for the bulls? The Dow had gone all the way up with 178 points gain throughout the day. This immediately became a bull trap. The Dow plunged in the final hour from that high point to a loss of 11.8 points – A thrilling roller coaster ride. My prediction for the markets [...]

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We have another non-event on Wednesday. The market was digesting both the negative and the positive news at the same time. In my view, there were more bad news than good but the markets closed with a small gain. I will not want to speculate the direction of the markets for now. Let the markets [...]

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Tuesday’s markets did not immediately return to its bullish mode. The Dow was beaten down to a loss of 168 points before closing with a reduced loss of 105 points. Chartwise, the Dow’s bullishness is maintained at this point. All other indexes such as S&P500, Russell 2000, and Nasdaq-100 are showing the similar pattern.
Yes, the [...]

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