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Bearish Reversal Pattern on Dow Jones

Posted by TraderNoviceDotCom • 5/13/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: chart pattern, rounding top pattern

a Rounding Top Pattern appeared on Dow Jones 60 minutes chart yesterday so that the sell off today is not a suprise. But above all this could reverse the latest bullish trend:

www.tradernovice.com/2009/05/rounding-top-pattern-bearish-reversal.html

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User Comments

  1. greencurmudgeon
    5/13/09
    greencurmudgeon
    There were rallies in 1931 as well...and the Great Depression had much longer to run.

    This is not as bad as the Depression, but it is a prolonged slump.
    [reply]
    1. TraderNoviceDotCom
      5/13/09
      TraderNoviceDotCom
      To avoid any confusion, it's only short term trading here so it doesn't try to forecast long term - though fundamentally you should worry long term

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