60 mins.
mmmm...would you be comfortable shorting the dow at this level?
i've gone long again - hopefully i'll get my little rally...
there may be rallies but this market is heading to 6000. the bottom has been continually called for the last 12 months. still not there.
we are at an interesting cross-roads - at the top of the downward channel on the hourly chart. Will it break out above or reverse back down and onwards to 7000 or below?
I have no idea, hence I'm out. A week ago I was looking to ride back up to 7900 but now I have no idea what will happen next.
got any commentary to add with that graph Kutero? expecting it to break out or carry on with the downward trend?