June 4, 2010

DOW JONES ANALYSIS AFTER CLOSING BELL


  • DOW JONES has finished the day on a positive note.
  • Triangle break still holds. But we have a rising wedge which is keeping the bears interested.
  • But seeing the position of MACD The rising wedge may be is a bears trap. The price will consolidate and will do an upside break. the 20 day moving average is still not captured.
  • So all in all positive day but the clarity in trend is still not descided

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