November 11, 2010

Dow Jones analysis after closing bell

DOW JONES DAILY CHART
DOW JONES WEEKLY CHART
  • Dow Jones daily candles shows good selling which was followed by equally strong buying.
  • Index took support just above the previous resistance of 11247. 
  • Price closed near the high of the day. The momentum may give some more upside from here.
  • 2nd chart shows the weekly chart with Fib levels for the high of 14198 to the low 6469. Price broke above 61.8% Fib ratio last week. This area has given support today. So this place has multiple support and may be hard to break.

2 comments:

  1. 11166, thursday's close...CSCO down 13% in AH...zstock7

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  2. if you want more comments, most investors don't have the time, to go thru all this signing in and word verification....So they will just go away, like I do most days. I personally never have the SPARE TIME, to waste on someone else's hoops.
    Z!

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