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Wednesday, September 28, 2011

Dow Jones on 28 September

1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Below 0 but 4R1G (Bullish)
4) RSI -  rebound from 50% (Bearish) -
5) Sto - Formed Bullish Crossover and heading toward 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish) but the red and blue are getting closer
7) Candle Stick -Inverted Hammer (Undetermined) if today candle is good it will show a good continuation process


      3 Points

Winner Bear ( Throw down wrestling style)
Still need to be cautious in trading because the fluctuation of the signal shows that still is some uncertainty whether it is a starting of a bull or a Bear wearing a Bull Costume.
 Entry Price 11560
Resistance at 11706 and 11884
Support a 11015
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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