Saturday, April 19, 2008

Dow Jones Industrial Index Testing Downtrend Resistance Line


Strong upthrust has propelled the index towards the black downtrend resistance line. Next week may see a test of this line and probable breakout above it. Next resistance will be the red bold line. Failure to breakout above 13000 will result in fall back into trading zone and retest previous trough at 12269.80 . Interesting week ahead.

5 comments:

Pow Yin said...
This comment has been removed by the author.
Pow Yin said...

hello^^
thx for ur comment..
ur blog nice also..
great!!

Pow Yin said...
This comment has been removed by the author.
Luigi Morielli said...

Interesting HiTech Blog!
There are a lot of news!

takis perreas said...

Thanks for the visit.
You are cool yourself!
Cheers