07/05/2012

DOW opens with a gap on downside and takes a low at 12.834 in Asia

DOW is currently at 12.880 and it seems that the rising weekly 21 MA might continue to give support at the low 12.834. The falling weekly 8  MA is now at 13.029 and it is the natural R point. Remember that the gap point at 13.019 must be closed.
Summary: DOW now seems locked between 13.029 area and 12.834 area.

No comments:

Post a Comment