DJIA (Cash) : In the last session the market was able to find support at 10757.55. The daily range is 10757.55 - 10964.68 and it closed at 10938.82. The negative signal is still hoisted in my system and it is under closed obseveration.
"Melbourne Qindex 03:26 GMT June 6, 2006 DJIA (Cash) : The supporting strength of 10757 is likely to be challenged this week :- ... "
The current expected lower daily trading range is 10795 - 10829 and the upper trading range is 10997 - 11031. The daily directional indicator is 10963 - (11208) - 11301*. The market is under pressure when it is trading below 10963. The distribution profile of super magnets are as follow : - (10757) - 10903 - 10946* - 10959* - 10963 - 10965 - 10991* - 11021* - 11022 - 11034* - 11067 - 11204 - (11208) - 11301* - 11443 - 11569 - (11659) (One have to be very alerted if the market exceeds either end of the distribution profile within this week). A projected supporting barrier is located at 10725 - 10745. A projected resistant level is positioning at 11116 - 11137.
