September 1, 2010

Dow Jones analysis after closing bell

  • Dow Jones is showing a range of 223 points in hourly chart with 9936 as support and 10159 as the resistance.
  • 9936 level has given support 3 times now. 
  • Hour chart is also showing a head and shoulders pattern.
  • Daily chart nearly did a Doji day today. Last hour of trading was extremely tough for both bulls and bears, and in the end the day ended with very little change.
  • 20 DMA and 50 DMA is converging so we can expect some action in the coming day's.

No comments:

Post a Comment