December 8, 2013

Dow Jones Weekend update


  • First chart of Dow Jones shows the channel resistance line acting as support. For bear of Dow Jones price should fall back into this channel.
  • Although price moved up on Friday the Topish structure remains in weekly chart. Bulls must close above 16174 to negate the bearishness of the weekly candle.
  • Last chart shows the negative divergence of weekly chart which will be effective on sustaining below 16174 levels.
  • GROUPON Weekend update
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