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.
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.