The Dow ran into resistance at the green line for a 3rd time in the past 6 months. Today it closed on the 21 day moving average(yellow line). Bulls and bears will be fighting it out here. Go with the winner.....a breakout of the green line go long and if price breaks the yellow line, go short.Wednesday, April 22, 2009
Dow Jones on support
The Dow ran into resistance at the green line for a 3rd time in the past 6 months. Today it closed on the 21 day moving average(yellow line). Bulls and bears will be fighting it out here. Go with the winner.....a breakout of the green line go long and if price breaks the yellow line, go short.
