Posted by: Babu Suresh | March 16, 2009

Dow-Jones-Index-16-03-09

DJIA-Spot-1H-4H-ChartsDJIA-SPOT-16-03-09

Folks, my 1st resistance 7254, mentioned in my 13th Post was firmly broken today; however, yet to come closer to 7414.

I would be cautious particularly when tomorrow, the 17th Mar., some heavy weight data are expected to be released and Long Bulls will not miss that opportunity for booking handsome profit made during this spectacular rally. The indications are already beginning to emerge when I see the index rising without much strength in the last couple of hours.

My resistances for Spot DJIA are 7392, 7414 and 7473 and my supports are 7204, 7161 and 6988

Healthy And Wealthy Trading

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