June 17, 2010

Dow jones important levels to watch for

  • They say price discounts everything.
  • The negative divergence may not have shown its effect till now.
  • But one bad news and that becomes the reason for the negative divergence to play out.
  • On the contrary the price movement towards  the upside has been very strong
  • A close above 10460 should make the bulls comfortable and strong.
  • But a break and close below 10320 will favour the bears.
  • And one more important thing  is that if the negative divergence has to play out it should happen within the next 3 to 4 hours. If it does not the divergence will vanish. 

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