July 19, 2011

Dow Jones Hour chart analysis

CHART-II
  • Dow jones has gone above the cloud.
  • Price closing above the cloud will favor bulls.
  • Falling back into the cloud will be negative
CHART-I
  • Dow Jones hour char with cloud and 200 Hour moving average.
  • For Bulls the cloud should be broken and the day closed above it. If not we will see a correction.
  • But positional bulls will be safe above 200 Hour moving average.

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