20091112 1625 DJIA EOD Daily Chart Study.

The Dow closed marginally higher yesterday at 10291.26 up 44.29 forming a shoting star doji bar candle. Price closed near the upper Bollinger band level and the band width expanding together with MACD Histrogram rising, all sending bullish signals for the Dow to go up further. However, volume traded for the past 2 day seems insufficient to support the upward movement momentum. Additional to this, the Dow has actually risen for the sixth consecutive days hints for a possible pullback to occurs anytime. At last looked major European market opened and traded up marginally. Hang Seng futures today at a 67 points premium towards its cash market.