November 17, 2010

Dow Jones daily chart with 50 DMA

  • Dow Jones daily chart with 50 Day moving average
  • Price takes a pause just above 50 DMA.
  • This moving average may stop the bears for sometime.
  • The problem for the bulls is the momentum of the price, All supports are are being broken easily. But price will take a pause for sometime and may be a small up move is also possible from 50 DMA.

No comments:

Post a Comment