August 21, 2010

Dow Jones analysis after closing bell

  • Dow Jones industrial average closed 57.59 points or -0.56% down.
  • The index is trading below its 50 day moving average. It is also trading below the 50 week moving average.
  • There is an important support line in daily chart. If that is broken on closing basis. 10000 will be broken.
  • If the support line is held a falling wedge possibility exists in daily chart.
  • MICROSOFT TRADING NEAR AN IMPORTANT TREND LINE