- 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.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 17, 2010
Dow jones important levels to watch for
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