July 13, 2010

Dow Jones hits the trend line

  • Dow Jones hits an important trend line in daily chart.
  • Look how the trend line combines with the 200 DMA to give a double resistance.
  • But the index is trading above both these points as of now. 
  • Closing above the trend line and the 200 DMA will make the bulls stronger and it is necessary for continuation of this rally.

1 comment:

  1. @KKR
    Thanks for your comments. I made some changes to the comment section so your comment is not shown here.