Friday, November 6, 2009

20091106 1644 DJIA EOD Daily Chart Study.



Returned of the King! Wall streets shows its supremacy yesterday with a strong march forward to closed the Dow 203.82 higher at 10005.96 leading the world major market to trade higher today. Seems like there are some lights at the end of the tunnel to hope for a resume upward movement market. All the chart's indicators calling an end to the current side way market with potential further upside. Having said that, it is also possible for the market to have some consolidation after the market forming the longest wide range bar candle since few months back.

No comments: