Tuesday, April 21, 2009

DJIA ... When Do We Call It Bottom?

Dow Jones Industrial Average



The Dow rally broke clear of resistance at 8000, but slowed over the last 3 weeks to the point where it is now testing the lower trend channel. Reversal below short-term support at 7800 would signal that the rally has ended, while follow-through above 8200 would indicate a test of 9000.



Oscillators indicates consolidation; a breakout above 8200 would signal trend strength; and reversal below 7800 would warn of a reversal. In the long term, the primary trend is downward and respect of 9000 would indicate another down-swing.

Dow's effects on the rest ..........

HAPPY TRADING!!!

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