September 26, 2010

DOW JONES Weekend update

  • Two weekly chart of Dow Jones Industrial Average.
  • First chart shows Dow Jones closing above an important resistance line. And this is also a 20 week high for Dow Jones. 
  • Second chart shows the Fibonacci levels in weekly chart. Index has closed above its 61.8% Fib level which has given resistance for sometime. Next resistance will be at 10940 levels were the 78.6% Fib level is located, That can be kept as a first target for this positive weekly closing.

No comments:

Post a Comment