Weekly Technical Analysis of Dow Jones Industrial Average DJI 4 Sept 2010
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Weekly Technical Analysis of Dow Jones Industrial Average DJI 4 Sept 2010
Stock Chart
Dow Jones CMP 10,447.93 is Now Standing at an Important Point
Its Just Touching the 200 DMA
It has tried 5 Times in Last 4 months to cross this level of 200 DMA
But it always retraces from that .
Even MACD Chart is Bit Bearish
So just Sell Above 10500 with Stop loss of 10650
Risk Reward ratio is in Favour of Shorting it with Target of Atleast 10000.
If Dow manages to Close Above 10650 get Long as it means Bulls are in Charge now
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