djia : directional indicator on friday

  1. 1,248 Posts.
    DJIA : On Friday the daily directional indicator of DJIA is 10190 - 10239* - (10418) This would suggest that the market is negative when it trades below 10239. Speculative selling will increase if the market is trading below 10190. Sell on rallies is still the preferred trading strategy. As shown in my trading reference projected supporting points are expected at 10055 and 10132. Projected resistant points are positioning at 10287 and 10364.

    Melbourne Qindex 07:18 GMT October 6, 2005
    DJIA : Trading Reference


    ... 10055* ... 10132* ... // 10210* - 10248 - 10287* - 10325 - [10364]* - 10403 - 10441* - 10480 - 10519* // ... 10596* ... 10673* ...


    DJIA is in a bad shape if the market trades below 10047.


    DJIA : Daily Trading Reference 


 
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