Three days of black candlestick coupled with declining volume and one day of white candlestick with heavy volume is a technical sign of a healthy retracement. It will be prudent to keep a lookout once the Dow Jones is near major resistance which should be happening very soon.
Dow Jones Industrial Average:
Tuesday, April 1, 2008
Signs of healthy retracement
Posted by Kay at 9:33 AM
Labels: DJIA chart, Dow Jones Industrial Average
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