February 25, 2011

Dow Jones Intraday Update

  • Dow Jones has managed to pull back above its 200 hour moving average.
  • CCI indicator shows positive divergence yesterday which has given an up move for Dow.
  • If price sustains above 200 hour moving average we may see the rally continue up to the 50 hour moving average.
  • Price closing below 200 hour moving average will strengthen the bears again.
  • Positive divergence was discussed yesterday IN THIS POST

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