Dow Jones – The end?

Hi friends,

Today I decided to share with you my view about the lovely Dow Jones.

The index is moving up, but it’s moving so slow and so volume less that I have only one thing in my mind – THE END of the rise is coming.

Here is why I think so (Click to enlarge):

Home Trader Club - Learn How Trader Earns! VIP Membership Club for Traders by Vladimir Ribakov

Traders Workshop - For Real Success - You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov

As you can see, there is weekly resistance range. The is weekly divergence supports the weakness. The is daily BB duplication, there is top of channel, there is daily volume less rise and divergence and there is RSI topping close to 80!!!

And that’s exactly why I see the end coming very fast… And I do think we are in front of a drop.

Do you remember that I called bearish scenario in 2-5 weeks on my weekly review?

So my dear reader, don’t stay out. It’s time to trade forex and to trade indices and to be involved on the financial markets while I do think that the main ones to be in are forex and indices.

That’s all for today.

Enjoy the day

Vladimir Ribakov
http://www.vladimirforexsignals.com/

Advertisement

Click To Join Our Community Telegram Group

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

Next About my recently published book »

Previous « A top for EURCAD?

View Comments

Vladimir Ribakov says:

January 30, 2013 at 12:16 pm

Thank you Atilla :)
Vladimir Ribakov says:

January 30, 2013 at 12:16 pm

Hi Sylwia,

I am short there. I hold a drawdown against me, I hedge some trades, BUT I really think a big cycle will open the doors soon. Maybe from 124, maybe even 127. It is building itself. Weekly and daily charts, won't lie.

Vlad
Vladimir Ribakov says:

January 30, 2013 at 12:14 pm

I think short soon for all Euros, Baros