November 10, 2010

Dow Jones analysis after closing bell

FOUR HOUR CHART
HOURLY CHART
  • Hour chart is yet to close below 50 hour moving average.
  • Today's down move was halted at the 50 hour moving average.
  • Four hour chart is shown with the Ichimoku Cloud. Price is yet to touch the cloud since this up trend started. So not threat to the trend as of now.
  • Daily chart too looks negative. But positional longs are safe until price remains above 11247

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