Why the market might be heading for another fall..

The Dow index closed on Tuesday with a shooting star candlestick. A shooting star is usually an indication that the market (or an instrument) may have topped and is ready for a reversal. If you look at the Dow chart, you'll see that the index was unable to break through resistance at 11800. This level was a previous support before it became resistance, which makes the level something that a lot of technical traders would be looking out for. If you are currently long on any stock, now might be a good time to make sure that you have your stop losses in place and to protect any profits that you might have. It's most likely that the market would now test the 11200 level and then the 11000. If it should successfully break below 11000 then there might be another free fall in the market (notice that I said if) .

Keep your eyes on the charts.

Good luck