November 9, 2010

Dow Jones analysis after closing bell

DAILY CHART
30 MINUTES CHART
  • Another negative day for the dow jones industrial average after the big breakout of last week.
  • Today's correction took support at a trend line which was acting as a resistance before.
  • Dow after the intraday movement came back to close near 50% Fibonacci level.
  • 20 DMA has given good support for the index throughout this up trend. 

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