June 18, 2010

Dow jones resistance line


  • Dow jones despite the strong up move throughout this week has not able to close above this trend line.
  • If we take a look at the chart it has ended on a sideways note for the last two days.
  • So a close above this resistance line could give some strength to the bulls.
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2 comments:

  1. Ashutosh AgarwalJune 19, 2010 at 12:48 AM

    Its look like we have formed tri-star pattern on the dow jones. It is bearish pattern. Please provide your thoughts. Huge gap down from monday expected.

    ReplyDelete
  2. SanJune 19, 2010 at 2:15 AM

    Tristar pattern is here. But every pattern needs a confirmation. Lets wait for that.

    ReplyDelete

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