November 9, 2010

DOW JONES Fibonacci levels

DOW JONES HOUR WITH 20 HOUR MOVING AVERAGE
  • Dow Jones was hanging around the 50% Fib level for sometime and has given a sell from there.
  • If trades above 23.6% we can see a pull back from here.
  • Support for the hour chart is at 11360 levels.
  • Has to close an hour above 20 hour moving average for strength to comeback.

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