Dow Jones Industrial Average Might Move Sharply Lower

January 23rd, 2010

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

Longs, watch out.

Often times, on a setup like this, there’s a period of “disbelief” over what has happened, and there’s a move back up. If that happens: 1) Don’t believe it, 2) Go short.

DJIA, Weekly Interval

DJIA, Weekly Interval

Posted in Economy | Top Of Page

One Response to “Dow Jones Industrial Average Might Move Sharply Lower”

  1. SW says:

    Precious metals are getting HAMMERED too. I’ve been waiting for this correction for months now. Great buying opportunity but I may wait some more…

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