DJIA : On Wednesday the daily directional indicator of DJIA is 10246 - 10379* - (10442). This would suggest that the negative sentiment is still there. Speculative selling pressure will increase if the market trades below 10246. If the market can penetrate through 10160, the odds are high that it will head for 10111. The level to watch is 10061. (... 9912* - 9962 // 10011* - 10061 - [10111]* - 10160 - 10210* // 10259 - 10309* ...)As shown in my trading reference projected supporting points are expected at 10055 and 10132.
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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