August 20, 2010

Dow Jones at 50% Fib retrace level

  • Dow Jones is moving down and away from 50 DMA.
  • It is trading near 50% retrace level of its rise from 9614 - 10719 level.
  • Break of this level will take the index down to 61.8% retrace level.
  • MICROSOFT TRADING NEAR AN IMPORTANT TREND LINE
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