December 20, 2010

Dow Jones Hour chart

  • Dow Jones hour chart is trading close to support and resistance lines.
  • Price breaking out and sustaining above 11518 can give good up move.
  • Breaking below the support line will be negative. 
  • Downside may be limited because of the larger trend which is up as shown in the second chart. Price is trading well above 50 hour moving average and the cloud.
  • NFLX WEEKEND UPDATE

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