Cautious Green Light

Cautiously turning on Green Light


Short term signs point up.  My RumWave chart is showing a bottoming pattern.  Extreme caution is advised here because the weekly charts favor medium term downtrends.  Remember, my expected trading period is 10-15 days.   This one may be shorter than that.

Scores:

"Score Total" since June ' 12:

DJIA 4 hr chart:  MACD looks to be turning a corner.

DJIA Daily Chart:  Bullish Hammer candle on Friday.

Overall, I expect the general market trend to be up for the short term.

GOOD LUCK NEXT WEEK!