Friday, July 3, 2009

Head and Shoulders in Dow Jones

Dow Jones, formed a Head and shoulders in daily charts. Volumes are decreasing, which is Ok for head and shoulders. Yesterday it closed right at the neckline support, but big down fall happened with low volumes. If the neckline is broken is with good volumes Dow may see 7600 levels. This can be a retest to the channel, also there is a possibility of forming an inverted head and shoulder if it moves up with good volumes.

Below is the Daily chart of Dow Jones.

1 comments:

jayrang patel on July 5, 2009 at 10:33 AM said...

WHAT IS YOUR VIEW ON DLF.NOT UPDATED CHART ABOUT DLF.PLEASE GIVE YOUR VIEW WITH CHART.

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