August 12, 2010

Dow Jones analysis after closing bell

  • Dow Jones index has closed the day down 264.42 points or -2.49%
  • Dow Jones index broke and closed below its 200 DMA after trading above it for almost 13 days.
  • It has broken an important trend line in daily chart.
  • It does not seems to stop there. Third chart is Dow Jones futures which seems to have fell off the cliff. Has not stopped selling yet. 10250 in futures index may give some support.

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