Sunday, August 22, 2010

Dow Jones - Weekly Market Thought 22082010

Nothing new last weeks. Cross EMA`s - Last cross -> Bullish
Last weeks hold suport area [9650,9812] = Key level Medium term and test more recently resistance: range [10620,10767]. Conservative traders need to wait breakout upside or downside to add shorts or longs.
Close weekly above 10767 expect 11200 possible extension to 11475
Close below 9650 expect 9290 possible extension to 8950.
Click to zoom in.


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