December 21, 2010

Dow Jones analysis after closing bell

  • Dow jones hour chart is showing resistance zone between 11500 - 11518. 
  • The ichimoku cloud in hour chart is acting as support for now.
  • Hour line chart is showing a consolidation pattern that can give direction soon.
  • Daily chart shows 11444 as the important level above which the positional bulls are strong. Closing below this level can trouble the positional longs. 

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