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September Dow Jones - The Dow Jones futures swung from up to down on the day over concerns of more credit losses and that commercial real estate may falter through 2010. However, I look at the Dow Jones chart and see that last Friday's swing trade date (reversal date) closed at a new high and at the top of the daily price range. Monday's session reached a new high, but failed to hold. The Dow Jones futures gave back all the daily gains, setting up a potential reversal pattern. This could mark the end of the upward trend, but I need to see a TR pattern (trend reversal) confirmation pattern before I think about taking ay position. Currently, I'm on the sidelines. The long positions held by the RT Swing Trader were closed at 9495www.reversaltracker.com
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