Wednesday, October 10, 2012
Dow Jones ~ Intraday 2 ~ 10 October 2012
We're now at 13370ish. Let's see if we get some kind of a reversal (candle) here:
If 13370ish doesn't hold, the next target is 13330 (not shown in the chart) which should be another strong support.
If 13370ish doesn't hold, the next target is 13330 (not shown in the chart) which should be another strong support.
Tuesday, October 9, 2012
Dow Jones ~ Intraday ~ 9 October 2012
I added some support levels between 13520 and 13370. 13370 is still the support which must hold though if we want to see more upside before the election. If 13370 was breached, we would have a nice double top (13650) and the target for this formation would be 13000ish.
Short-term the market doesn't look healthy as long as it stays below 13560ish. Medium-term we're still in neutral territory (upper boundary at 13650 and lower at 13370).
Short-term the market doesn't look healthy as long as it stays below 13560ish. Medium-term we're still in neutral territory (upper boundary at 13650 and lower at 13370).
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