Dowjones is getting close to its toughest resistance which is around the 14093/14198 level. Most likely it going to put a brake there and rest there for some time, correcting some and then move ahead. Continuous closing above the mention level would mean a complete breakout for the Dowjones.
S&P too getting near to its toughest resistance level which is around the 1526 level and this's the area where it will face good amount of supply & could correct somewhere from there. Only continuous closing above 1527/1530 would signal a breakout.
Good News@ Dowjones Transportation Averag already on a break out.
S&P too getting near to its toughest resistance level which is around the 1526 level and this's the area where it will face good amount of supply & could correct somewhere from there. Only continuous closing above 1527/1530 would signal a breakout.
Good News@ Dowjones Transportation Averag already on a break out.
We gave some levels for Dowjones & S&P above which we indicated a complete breakout.
ReplyDeleteDowjones so far hits 15050, Closed above 14198 on 5th March 2013...since then no looking back.
S&P so far hits 1625, Closed above 1530 on 5th March 2013...since then no looking back.
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Manish Bothra