Saturday, February 27, 2010

DOW JONES: The bear case

This rising wedge is something that is worrying me. The 200 daily exponential moving average is the key support (resistance in May 2009) and is the key point in which I definitely will wear the bear suit. Meanwhile, a trading range between 10.600 and 9.840. In addition, the US dollar in an uptrend is something that give power to the bears.

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