- If dow jones daily chart with Fibonacci retrace levels for the fall from 11258 to 9643
- If Dow Jones decides to close above its 200 DMA, I feel there is just one big hurdle before it reaches 10600 that is the 50% retrace level of its fall from 11258.
- The above scenario plays out only if index closes above its 200 DMA convincingly and on closing basis.
- And in doing so the index has to avoid the negative divergence that has developed.
- DOW JONES FUTURES WITH HIDDEN NEGATIVE DIVERGENCE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 14, 2010
Dow Jones fib levels in daily chart
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