June 10, 2011

DOW JONES - Monthly chart analysis

UPDATED CHART
BELOW CHART WAS POSTED IN APRIL
  • Dow Jones it seems has made a top near 78.6% Fib level in month chart. First chart shows current month price action. Second chart was posted in april.
  • If price closes and sustains below 12000 It may start to move towards the 61.8% Retrace level which is near 11200. This is a medium term view. 
  • Short term will be bearish only if price sustains below 12000.
  • Medium term view may change only if price moves above 12500 level.

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