August 24, 2010

Dow Jones analysis after closing bell

4 HOUR CHART
DAILY CHART
DAILY CHART
  • Dow Jones closed down 39.21 or 0.38%.
  • Dow Jones was resisted today at its 50 DMA.
  • Index has a falling wedge with upside breakout possibility. It also shows another pattern with the index very close to its apex. So the traders will get a clear direction soon.

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