Taking a closer look, volatility has started to come in when approaching the 200MA(yellow line). Look at those candlesticks, 8 days of dojis, dragonflys, hammers, stars what have you. Each warning of reversals but no reversals the next day. Just uncertainty and volatility. Consolidation seems to be it. Why volatile? It usually happens when approaching major sign-posts like the 200MA. Also the 200MA is meeting the 50MA(the red line) if their courses hold steady.
Of course nothing is 100%. No one should risk ruin following such TA. In fact no one should risk ruin based on FA, TA, magic, voodoo, hocus-pocus or even if you are a time-traveller. Simply because risking ruin affects any sane mind emotionally, mentally, physiologically. Whereupon your judgement will be impaired. (Not even having a 'Star Trek grade' time-travelling device, should anyone risk ruin because alternate universes exists! You may come back to 13th jun 2009, thinking that you have seen DJI breaking 9000 in the near future. But you may not be aware that you landed back in an alternate universe where DJI will break the 8200 level).
So what am I rambling about now? That nothing is for certain, no matter what the probability is for something happening. So risk something such that the loss does not matter much to you. Go have a life, stop worrying about the market so much!
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