July 13, 2010

Dow Jones Trading above 50 DMA

  • Dow Jones is trading above 50 DMA and 50 week moving average right now.
  • The recent bull rally was resisted by the 50 DMA. But this time that did not happen. 
  • The only major hurdle before Dow Jones moving to 10600 is the 200 DMA. Will it be the 200 DMA that stops this rally?. We will know the answer soon.
  • DOW WITH FUTURES NEGATIVE DIVERGENCE

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