June 23, 2010

Dow jones technical analysis

DAILY CHART
HOUR CHART


  • Dow Jones Trading around 10260 an important support area on closing basis.
  • The hour chart seems to be getting some support from the ichimoku cloud.
  • And hour also shows a break down from a head and shoulders pattern.
  • So the breaking point will now act as a resistance area when even Dow reaches there.

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