Market Trend And Today's Trading Strategy 市场趋势及今天的交易策略

The Dow has bounced back about 50% of yesterday's 617 point drop. It should still be look as a bounce not a bottom since it is still below its 50 day moving average, so are S&P 500 and the Nasdaq Composite. So the market trend is still down until these indexes recovered above their 50 day moving averages and they are 26062, 2862 and 7845 respectively. When the indexes are in a down trend, trading strategy is sell on rallies as they approach resistances.

As for today's trading strategy for the Dow, following is a 10 minute Dow chart that shows Fibaonacci lines. If it go above 25663, the dow may recover all of yesterday's losses. If it go below 25491, the bounce will fail and should be sold.

道琼斯指数经昨日的617点跌幅后现在反弹了约50％。 它应该要看作是一个反弹而不是见底，因为它仍然低于其50日移动平均线，标准普尔500指数和纳斯达克综合指数也是如此。 因此市场走势仍在下行，直至这些指数收于50日移动均线之上为止，这些水平分别为26062, 2862和7845。 当指数处于下跌趋势时，交易策略应该是在反弹到阻力时卖出。


至于今天道指的交易策略，下面是一个10分钟的道琼斯指数图表，显示了Fibaonacci线。 如果它超过25663，道琼斯指数可能会收复昨天的所有损失。 如果低于25491，反弹失败并应卖出。