Tuesday, November 04, 2008

>Dowjones Analysis

Dowjones Trading at a critial point,A kindoff triangle
After overpowering first trendline resistance presently
Trading near short term trendline resistance.To show more
strength Dowjones would have to overpower this trendline.
The pre election rally would show more momentum if 9550 is
taken out on closing basis.
Two closes above 9550 Dowjones can target 9800.

Though ,I expect retrace from this trendline if the upmove has to
show more strength.
Downside if 9300 is broken 9000 retest is not ruled out.

Regards
Rish.

1 comments:

barbie said...

Great Analysis

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