Monday, October 12, 2009

20091012 1729 DJIA Daily Chart Study. Bullish !



DJIA advanced on Friday to closed 78 points higher at 9864.94 to from a white range bar candle. Chart wide, price traded above near to upper Bollinger Band + Bollinger Band width expanding + MACD histrogram rising all giving a bullish sign. It would be ideal to see Bollinger Band width continue to widen with MACD histrogram charge toward the positive zone in order for the bullish momentum to sustain further.

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