Freitag, 7. Oktober 2011

7th of October - Daily Prognosis: DJIA

U.S. unemployment figures were better than expected. This caused a momentarily up move, which very soon vanished. Here again we can see that news are not as important as many people think. 

Let's have a look at the ...

DJIA

There is a big up-gap between yesterdays and todays candles. There is the tendency to close gaps. Also todays high reached the upper downtrend-line of the past month. 
We will see a price decline to 10.900 points. 

The potential is given that price falls back to a maximum of 10.400 points which is the support-line of previously mentioned downtrend.

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