Wednesday, October 7, 2009

20091007 0855 DJIA closed @ 9731.25 up by 113.65.


DJIA made it for the second day to closed higher by 113.65 points. What a serious rebound! 
Price managed to closed above Mid Bollinger Band to form a white range bar with small upper tail = Market will trade bias to the upside with some exhaustion. Bollinger Band width also expanded suggest that there are still room for market to go up further. The upside also confirm by MACD histrogram that has risen.

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