July 27, 2010

Negative divergence in Dow Jones

  • There is a small negative divergence developing in Dow Jones
  • But the index is trading at 10600 area from where it went down to 9614.
  • So If the bulls are strong they have to break 10600 and should make a firm close above it, and then the negative divergence will vanish in no time.
  • So from here both trades are possible. wait for proper direction.

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