November 30, 2010

Dow Jones Analysis after closing bell

DOW JONES 5 MINUTES CHART
DOW JONES HOUR CHART
DOW JONES DAILY CHART
  • Range in 5 minutes chart gave a good entry today when it gave an up side breakout as shown in the first chart.
  • Range in hour chart was Violated but Price went back into the range before closing. But the fact that the range was violated should be a negative factor unless price decides to breakout above the range.
  • Daily chart shows price violating the 50 DMA. Despite price coming back to close near the high of the day closing was a just below the 50 DMA.

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