Thursday, November 5, 2009

20091105 1842 DJIA EOD Daily Chart Study.



The Dow advanced marginally to closed at 9802.14 up 30.23 point. Market did reacted to the Fed unchanged key interest rate announcement by hitting the high at 9928.04 but the bullish sentiment didn't last long with last hour selling activities pressured the market downward to closed only slightly higher. Traded still below Bollinger band with the width expanding = the negative sentiment still persisted to stay in the market. However, MACD Histrogram turned up slightly = buyer activities are prudently done. Overall a mixture view. Side way market are likely.  

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