February 7, 2012

DOW JONES Analysis after closing bell

  • Dow Jones still below weekly resistance level.
  • Day is trading well above 20 Day SMA which will favor bulls.
  • 30 Minutes chart shows with rising support levels which may also give a breakout above last week's high soon.
  • Hope for bears only if they manage to break below 20 Day SMA. Trend will remain in favor of bulls as long as price stays above this sma.

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