Wednesday, October 21, 2009

20091021 1850 DJIA EOD Daily Chart Study.



Chart wise, the Dow is facing some selling pressure to closed lower at 10,041.48 down 50.71. Trading above mid Bollinger Band and Bollinger Band width continue to enlarge shows that market still favor the upperside. MACD Histrogram turned lower marginally suggest that seller are tempted to cash in profit at this point of time. Overall market is in correction phase inside a uptrend.

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