August 13, 2010

Dow Jones pauses at 50 DMA

  • Dow Jones is taking a pause at the 50 DMA.
  • But the support may only last till the next wave of selling that may come today.
  • From 10700 to 10300 support levels are broken in a hurry so a reversal may not come now. 
  • If 50 DMA breaks 10000 will be seen.
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