Tuesday, October 6, 2009

20091006 0905 DJIA rebounded from support level indeed.


DJIA rebound from support level to closed higher @ 9599.75. Chart wise, the white range bar still ended below the Mid Bollinger Band = Bearish/merely a technical rebound. Bollinger Band width continue to narrowed in smaller scale suggest that side way range bound market in play. MACD histrogram recovered mildly = market will consolidate after a few days fall.

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