19/10/2011

Dow closes Down Wednesday at 11.504

Short trends are now down. Support from rising 8 days MA at around today's close still holding. 2 hr trend down but support around 21 rising MA at 11.500.  My impression now is that the downtrend which just started will manage tomorrow to push through the two supports. Target is 11.297 but can go much lower.

Tomorrow will be a n interesting day after today's rest.

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