Technical Analysis of Financial Markets

Wednesday, April 02, 2008

Dow Jones 12,770 Level

The 12,770 level on the Dow has served as support and resistance over the last 14-month period. Current price action may see a retest of the 12,770 level, at which point, an entrance into a short postion may serve as a low-risk trade. Long on a weekly close above 12,770.

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