The goal of this website is to provide an independent perspective on Financial Markets. We facilitate our users investment strategies based on Technical Analysis, a tool used to forecast the particular financial instrument performance, based on its past price history and its trading volume. We identify techniques and methods which will allow them to obtain a higher profitability. In addition, we are closely connected to lifelong learning objectives. Consequently, our job is aimed to achieve both educational and investment decision-making purposes.
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Thursday, 11 March 2010
Dow Jones: Long Term Perspective
The North American Indexes have been more resilient to the news which have had a negative effect in the developed countries' Stocks Markets. As we have analyzed in previous strategies, many European indexes have lost their primary rising trendlines. They are currently trying to structure their move in order to be able to recover former upwards moves.
By contrast, the Dow Jones has been strong enough to keep its move up, after a brief period of consolidation. The most well-known Stocks index could offset the bearish pressure, thanks to the 9.850-point support´s strength.
Consequently, the long-term structure remains upwards. The recommendation is to maintain a long strategy. Stop loss in 9.700 points should be established.
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