November 20, 2010

Dow Jones analysis after closing bell

DOW JONES DAILY CHART WITH 20 DMA
DOW JONES DAILY CHART WITH GOLDEN CROSS
  • Dow Jones closed the day below its 20 DMA. 
  • The candlestick for the day is a bullish hammer which shows buying at lower levels.
  • Up trend may not resume if price gets resisted by 20 DMA.
  • 50 DMA gave good support for the index. This can extend the effect of golden cross. But if 50 DMA gets broken price will test 200 DMA.
By at

2 comments:

  1. veerNovember 20, 2010 at 11:21 AM

    @San,

    Can you pls (if time permits you ) give the chart for Gold in the short term - I mean for the next week.



    Thanks & Regards,

    Veer

    ReplyDelete
  2. SanNovember 20, 2010 at 7:54 PM

    @Veer
    I will look at the gold chart. If i see any opportunities i will do a post

    ReplyDelete

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