March 28, 2011

Bulls of DOW JONES Against a cluster of resistance

  • Dow jones daily chart is shown with the resistance area of 12000 - 12300.
  • Bulls are about to clear this level. Price has made a fast rise from the recent fall. Earlier price took support at the base of Ichimoku cloud as shown in the chart.
  • If price closes above 12300 the upward momentum will gather momentum.
  • Failing to clear this level on closing basis will favor bears.
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1 comment:

  1. Dorai RajApril 7, 2011 at 10:00 AM

    Hi San
    Congrats on your first birth day.
    Is this dow daily analysis posted everyday and if so at what time ( US /IST)?

    Keep up your good work.

    Regards,

    ReplyDelete

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