July 17, 2010

Dow Jones analysis after closing bell

  • The rally that happened after the death cross ends at the 200 DMA
  • The index closes more than 2% below its 50 and 200 DMA's
  • The next support will be 10000 below that the index will test at least 9900 in the short term
  • Some drama has to play out if the index has to go above 50 and 200 DMA's in a hurry.
  • THE ABOVE CHANNEL BREAK POSSIBILITY WAS SHOWN IN YESTERDAY'S END OF DAY ANALYSIS
By at

1 comment:

  1. StockJuly 18, 2010 at 2:57 AM

    Everyone knows the death cross is a farce, just kidding, nice simple charts. I posted a Fear Factor update.

    http://oahutrading.blogspot.com/2010/07/fear-factor.html

    ReplyDelete

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