Dow Jones is currently supported at it's prior support level and the 61.8% fibbonacci level. Any break below this level and we will see it likely to dip all the way to the lows in Jan.
Dow Jones Industrial Average:
I was chatting on La Papillion's shoutbox when someone pointed out Swiber to me. A look at the chart reveals that it may be ripe for a short perhaps. We see the support level of $2 being tested twice in the past and now it is near this level again. Notice that the volume is picking up and if $2 is broken, one may place a short near this region.
Swiber:
Thursday, March 6, 2008
DJIA on minor support
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