Monday, April 14, 2008

Dow Jones Industrial Index Will Test Previous Trough Support

Mid Bolinger Band support was taken out on Friday and next support will be the previous trough at 12176.10 indicated by the green dash line. Watch for possible short term rebounce at this level on volatile trading on Monday. Closing below this level will increase bearish momentum and will result in a test of the black dotted support line at around 11800.

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