June 11, 2011

DOW JONES Breaks 12000

  • Dow Jones closed below the important Psychological level of 12000.
  • Dow Jones daily chart shows a trend line break and it closed 172 points down.
  • If Dow does not change the pattern it will soon test 200 DMA.
  • Hour chart shows a miniature version of the death cross. But it is very effective for bears. 
  • Price not able to keep its head above 50 Hour moving average.

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