Thursday, November 18, 2010

DIAMOND : DIA : Dow Jones


Dow very impessive showing yesterday.
Triple digit gain almost 200pts with string volume.
However still holding to view to is a corrective advance
probably consoildating at or near these levels
with stochs turning up from bottom
probably additional momentum to the upside
which is capped by :
1. Resistance line
2. Moving averages bands
3. Fibo retracement percentages.

Expect a consolidation , maybe a complex, maybe a triange
Before the move down.

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