August 31, 2010

Dow Jones futures before opening bell

CHART - I
  • Dow Futures broke 9965 and gave a long trade as discussed below.
  • Now next resistance is at 10064 above that may rally towards the channel resistance line.
CHART - II
  • Dow Jones futures breaking 9965 was negative for the bulls.
  • Now if the index trades above 9965 convincingly a long trade is possible

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