Saturday, May 28, 2011

Dow heading towards north east direction..possibility 12600 ++

we predicted when Dow was closed at 12807 on May 4....
Dow in dilemma ....closed flat ... move 0.00 %..greatest reversal pattern is on chart ....Doji...wait for confirmation signal ..and go short for minimum 500 points positional ....
Dow traded at 12309 on 25 th May ...498 points done 
Now it is on winning streak and its  5 day's chart is indicating that after a fall it was traded in range m Dow heading towards north east direction..possibility  12600 ++ .go long with 12380 stop loss closing basis ..

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:12,441.58
Trade Time:4:04PM EDT
Change:Up 38.82 (0.31%)
Prev Close:12,402.76
Day's Range:12,397.69 -12,483.81
52wk Range:9,596.04 -12,928.50

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