June 10, 2010

DOW JONES analysis before opening bell

DOW HOUR CHART

DOW DAILY CHART

  • Dow jones hourly chart is showing positive divergence.
  • Daily chart MACD is also showing positive divergence.
  • So in the very short term the index may bounce back for a short rally.
  • But with all the big bearish events already taken place in the charts it will be tough for any rally to sustain.
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1 comment:

  1. wormwood34June 10, 2010 at 6:45 PM

    hello san can u update the nifty gap chart posted a few days back...

    ReplyDelete

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