December 5, 2012

DOW JONES Analysis after closing bell

  • Dow Jones unable to move above previous support zone will favor bears. Bulls of Dow need a close above 12977 - 13038 zone and above 200 Day SMA for things to turnaround.
  • 50 Day SMA falling towards 200 SMA is also negative for bulls.
  • Possible breakdown again if price breaks below 20 Day SMA.

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