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Friday, October 14, 2011

Dow Jones on 13 October

Dow Jones Index broke the downtrend line but is the testing the resistance at 11553. Breaking this will show another bullish trend upward

1) Trendline - Uptrend- (Bullish)
2) Formed lhigher high  - (Bullish)
3) MACD -Broke above 0 (Bullish)
4) RSI -  Retracing from 70% (Bearish) -
5) Sto - Forming Bearish Crossover which show some slight bearish in progress (Undetermined)
6) ADX - low momentum and Bearish( Bearish)
7) Candle Stick -Inverted hammer after shooting star (Bullish)
8) VIX - Going up ( Bullish ), VIX broke the uptrend and going down and many indicators which showing that it will go down more which provide a positive impact on the USA index



     5 Points

Winner BULL

Hopefully Europe Positive Trend and Google and Tech Sector will continues to push up the USA index.Entry Price 11560
Resistance at 11706 and 11884
Support a 11015,10931 and 10690

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