07/11/2012

DOW takes new daily high at 13.298.7. Daily and 2 hour trends are up but weekly 8 MA at 13.344 is down and resistance point

DOW weekly trend since March until now. Se the falling 8 MA which is R point at 13.344






DOW daily trend since late August. The 8 MA is up and gives S at today's low 13.134.7. The falling 21 MA is first R point. See the slowly rising 200 MA at the bottom which is a floor at present.


DOW 2 hour chart since Oct 11 until now. Trend is up with 8 and 21 MA rising. However strong resistance at the big head bottoms makes further advancement less likely now 40 minutes after Europe's open.

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