I took another look at the weekly chart of the Dow Jones Industrial Average today again. The weekly chart is more important den the daily chart technically. It seems to me that there is a chance that this correction may be over.
Dow Jones seems to be supported on the previous resistance now. On the latest closing, it tested this previous resistance turn support level with a hammer like candlestick so i am slightly more bullish now. Let's see whether this support will hold.
Dow Jones Industrial Average Weekly:
Sunday, November 25, 2007
Additional opinion on the Dow Jones
Posted by Kay at 7:50 AM
Labels: DJIA chart, Dow Jones Industrial Average
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