August 14, 2010

Dow Jones analysis after closing bell

DAILY CHART
WEEKLY CHART
DAILY CHART
  • Dow Jones Industrial average closed down 15.02 points or -0.15%.
  • Price managed to close above 50 day moving average.
  • The weekly chart shows price closing exactly at 50 week moving average.
  • So any negative news next week will result in index breaking 50 day and 50 week moving average. 
  • Index is trading near 38.2% Fib retrace level of rise from 9600 - 10700 levels.
  • APPLE IS IN A TRIANGLE IN DAILY CHART
By at

4 comments:

  1. tanmayAugust 14, 2010 at 7:13 AM

    @san

    what do you expect for Apple? it will go up. Dow also taking the support of 50 DMA.

    tanmay

    ReplyDelete
  2. SanAugust 14, 2010 at 8:47 AM

    @tanmay

    I am expecting dow to break 50 DMA next week. And apple goes down with Dow Jones.

    ReplyDelete
  3. tanmayAugust 15, 2010 at 9:30 AM

    @ san

    thank you,

    i m looking for another stock is BRCM Broadcom Corporation. It is already correct 15% in last week. i have 2000 shares of BRCM. pls guide me.

    ReplyDelete
  4. SanAugust 15, 2010 at 3:38 PM

    @tanmay

    I will try to post broadcom corp chart tonight.

    ReplyDelete

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