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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

3/31/2010

DJIA going to break...


Fig 1 DJIA Daily Chart

I was looking at the daily chart of DJIA. This is just a gut feel plus very weak showing on Stochastic and RSI. DJIA is coming down tonight.The envelop support/resistance level tonight is at 10,896. It will be very difficult for DJIA to reach that level. The 21 days support level is 10,696.

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