Monday, 4 June 2012

Dow Jones Industrial turning points

Dow Jones has successfully break the support and has a bear flag in play.
Where is the next support we are looking at?

The round number 12000 will be a psychology support but I do not expect it to be very strong.
 What I'm looking out for will be 11900 then followed by 11650 levels.
Both levels are prior support/resistances with Fibonacci level supports.

The 11650 level will also be the bear flag projection target as well.

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