October 27, 2010

Dow Jones Hour chart with 50 and 200 moving averages

CHART-II
  • Dow Jones reverses as expected from the yellow box marked below.

CHART-I
  • Dow Jones Hour chart with 50 and 200 Hour moving averages.
  • The dip below 50 hour has not yet reached 200 hour moving average. 
  • So going by the past price action we should see a rally towards the 50 hour moving average from here. 
  • Breaking below 11000 will be negative.
  • S&P 500 BELOW 50 HOUR MOVING AVERAGE

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