November 4, 2012

Dow Jones weekend update

  • Dow Jones weekly chart shows price near crucial up trend line and Horizontal support level near 12977.
  • For another week price has closed below 20 Week SMA. If price sustains below 20 Week SMA Dow could fall towards its 50 Week SMA.
  • Daily chart shows a bearish engulfing pattern which needs confirmation. For bears price should break and stay below 38.2% Fib level for an extended fall to happen.
  • APPLE WEEKEND UPDATE
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