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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,406 Blog Posts

Does the DOW matter?

RaginCajun Thu Aug 12, 2010 2:44pm EST 3 Comments

Does the DOW Jones Industrial average matter anymore? It is the only Index still above the 50 day moving average.

When looking at the chart above, coupled with The PPT hybrid score, one is tempted to go long here.

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3 comments

  1. Teahouse On The Tracks
    Teahouse On The Tracks
    August 12, 2010 at 2:50 pm

    Yup …

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  2. RaginCajun
    RaginCajun
    August 12, 2010 at 3:01 pm

    Bought TNA @ 36.50

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  3. dumas
    dumas
    August 12, 2010 at 9:03 pm

    It’s the last one I look at. But should the question really be: “Is it a good leading indicator anymore?” Of course I don’t know the answer because I’m a …

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