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Sunday, December 20, 2009

Dow Jones Industrial

          DowJones Industrial
















Dowjones index opened slightly stronger, continue to rise until the close of trade yesterday when the U.S. Friday. reinforcement index is sustained by technology stocks and manufacturing, the strengthening of not only the index +20.63 points (+ 0.2%) with the position index is at 10328.89 up thin, where the index dow within three days ago continues to experience tremendous pressure.
Dow index support at 10235.629 position, while the dow index Resistance is at 10509,969. Almost 22 days in the dow index sideway play zone index support and resistance within his first since the penetration resistance which occurred on 23 November 2009. To this day tends index fluctuated within the scope of support and resistance.
From the results of yesterday's close of trade Friday the Dow Jones Industrial index very close to the support, so for these traders are waiting for conditions to take a position in the market. Where the signal accuracy is required in this condition, so it would be wise for traders not to take any position in a situation like this.
If the Dow 10509.969 Resistance to penetrate, then the trader can take a buy position, because the index likely to continue short-term rally for the future.
But what if the index was 10235 .629 through the support, then the trader will sell the position doing, because the index likely to fall in the short term future
If we observe the dow index is not easy to penetrate the support that has often been tested, it is not easy to penetrate the resistance because it will take a huge volume to drive the market and penetrate.
Summary:
Dow Jones Index had a big chance to penetrate 10509.969 resistance because the condition index is still in a very clear uptren for the long term, where economic recovery is still a driving force to the front index.

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