Killeens Financial Banner

Killeens Financial Banner

Wednesday, 17 February 2016

NASDAQ and DOW soften their downtrends

The plunge I predicted in my last post on the NASDAQ did not materialise. Instead the graph broke through Resistance Line A. We can't say that the downtrend is finally over until the graph breaks through Resistance Line B. In the meantime, the downtrend has softened. I will not bet on the current upswing breaking through the red curved line, nor the ensuing downswing breaking through the green curved line.

No comments:

Post a Comment