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Don Catch a falling Knife : Where is Dow Jones going tonight ? 27 Jan

|Includes: Dow Jones & Co. Inc. (DJ)

After a 3 black crow formation, the last two days of Dow Jones only managed to form small inside day doji’s . This is a very bearish formation and really doesn bode well especially with China SSE continuing its slide today below 3000 point pyschological support. Can we find support at the 100D EMA  ? One thing is for sure, the drop doesn seem over. Traders beware, don catch a falling knife.

26 Jan DJ

Disclosure: No positions