The Tiger

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KL, Malaysia
I am a tiger in the game of stock trading. I relentlessly looking for candidates to trade. When it is an inflection point. You would see i am actively participate in the game.

Wednesday, May 28, 2008

DOW 30 SMA 200 as resistance


DOW 30 currently retreat from SMA 200 after few weeks of rally. During these few weeks, i was totally detach from the market as i was looking for "exact" sideway which indicate possibility of market retreat, so it is a battle between my biological clock and the market "clock". Hence i was not really in the market for day trading, however, i do involve in some longer term trade.

SMA200 is a good resistance in this case.