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Monday, December 6, 2010

Strong Uptrend Seen For Dow Futures; Sideway For US$ Index

DJ $5 (MINI) Dec 2010 (CBOT:YM.Z10.E)
Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, YM.Z10.E scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend)

U.S $ INDEX (NYBOT:DX)Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode. Based on a pre-defined weighted trend formula for chart analysis, DX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend)
HAPPY TRENDING

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