Wednesday, November 4, 2009

20091104 1654 DJIA EOD Daily Chart Study.



The Dow ended the day with a doji bar candle to closed at 9771.91 down marginally 17.53 points. Traded mostly side way range bound through out the day as not fresh leads the market direction. All indicators on the chart are sending a side way range bound market with downside biased signal. Regionally most Asia market ended positively and at last looked European market also trading mostly higher. At closed Hang Seng futures market is doing 85 points discount towards its cash market. The only catalyst around will the Fed key interest rate announcement.

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