jimmy_hongkong
Long

Time to LONG DowI

INDEX:DOWI   DOW Industrials
413 0 5
I had LONG DOWI             at 17342 on 18 Dec             2014. My target is 18000 level. The uptrend will be finished in a week time. There are a few technical reasons that I LONG DowI:

1) RSI has already reached the oversold zone 29.43;
2) The right leg of the Stoch RSI double bottom has appeared;
3) A long candle, i.e. 288 points has released a strong buying signal.

I've noted that there are some other authors on this web suggesting people to short DOWI             and S&P 500             . I have no comment on them but remember: technically, DOWI             is still doing well within the triangle.
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