May 17, 2011

DOW JONES Previous Resistance may become support

  • Dow Jones Daily chart is testing the previous resistance area.
  • 10425 is a crucial support Closing below this will be negative. Bearishness will increase if price manages to close below 50 day moving average.
  • If price sustains above 50 DMA a turn around is possible for bulls.
  • GOLD Testing the trend line
By at

2 comments:

  1. UnknownMay 18, 2011 at 2:07 AM

    Nice charts. Kinda makes you want to go long for a 50% retrace back to 12650ish.

    ReplyDelete
  2. RussiaMay 21, 2011 at 10:03 PM

    San,
    I waiting for your Dow Jones Daily chart of the support and resistance area.
    Thank you very much!

    ReplyDelete

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