July 12, 2010

Dow Jones retracing to the 200 day moving average

  • The death cross has not given anything for the bears till now.
  • But the rally if stops before 50 day SMA or 200 day SMA will give the bears a chance to go short aggressively.
  • For the bulls a strong breakout above 10200-10300 may take it till 10600 levels again.
  • DOW TRADING NEAR 50 WEEK MOVING AVERAGE

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