Dow Jones Weekend update
- Daily chart is shown with Bollinger band indicator. Price took support at the lower band and gave a reversal from there. Having crossed the middle line chances of price hitting the upper band is high.
- Weekly chart is shown with fibonacci levels. Price is trading above 61.8% Fib level. So if price manages to close above 11450 Next resistance in weekly chart is seen at 11700.
- Next chart shows the channels in weekly chart. Main support is shown at 11250 level. As long as price trades above this level chances of an upper breakout increases.
- So the most important levels to watch out for next week is 11250 on the down side and 11450 on the upside.
- US Dollar Support levels
Mercury Retrograde (appearance of going "backwards") is widely accepted by Astro followers as leading to a breakdown in communication, technology, and transportation. Dec 9 Starts the Retrograde.
ReplyDeleteDuring retrograde is considered a bad time to start a new venture or enter contracts.
You don't have to believe it, but you should react to it. Do this one fairly simple thing.
BACK UP YOUR COMPUTER SYSTEMS!
Link below is a practical computer backup procedure I wrote in 2009. Don't be intimidated by it. You don't have to do every step. Each step that you do take, great reduces chances of a catastrophic loss.
A drive image is SO POWERFUL. Do a drive image, even if you do nothing else!
http://oahutrading.blogspot.com/