DJI confirms Downtrend

The Dow Jones Industrial Index has been mapping out a series of lower lows and fallen below its 200-day moving
average (often seen as an indicator of the primary trend).

The shorter term 50-day moving average is trending down and provides an early indicator of what is in store
for the longer-term average. The Index has just dropped below its November low on increased volume,
serving as further confirmation of a downtrend.



(credit Prieur du Plessis on SafeHaven)

Edited by pdx5, 09 January 2008 - 02:12 PM.

The Dow Jones Industrial Index has been mapping out a series of lower lows and fallen below its 200-day moving
average (often seen as an indicator of the primary trend).

The shorter term 50-day moving average is trending down and provides an early indicator of what is in store
for the longer-term average. The Index has just dropped below its November low on increased volume,
serving as further confirmation of a downtrend.



(credit Prieur du Plessis on SafeHaven)

OK, we officially entered the Bear market. Now, play the strategy of bear market.