Friday, April 11, 2008

Dow Jones Industrial Index Will Test Mid Bolinger Band Support

Doji candlestick formed on 7th April 2008 still stands as a symbol of resistance close to 12748 level. The current trend is still down until this level is taken out followed by a strong breakout above the black downtrend line. Expect a test of mid Bolinger Band support today. Failure to stay above this support will see a retreat towards next support at 12176.10 .

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