Wednesday, November 11, 2009

20091111 1640 DJIA EOD Daily Chart Study.



The Dow advanced marginally higher to closed at 10246.97 up 20.03 points forming a doji bar candle right at the upper Bollinger band with the band width continue to expande = the uptrend is still intact. MACD Histrogram also continue to edge up higher = buyer still role the market. Overall, the Dow market sentiment remained bullish with the next immediate target at 10500 level.

No comments: