Thursday, November 3, 2011

DowJones next movement | 03-Nov-2011

 Here is a technical chart of DowJoneswith ichimoku indicator.



The price is getting support near the level of 11679, which is a support at kumo. But the problem here is falt kijun-sen line. Whenever the Kijun-Sen line is falt, it will attract the price - the golden rule of ichimoku indicator. So, in coming days, DowJones may touch the level of 11344 before beginning to move upward again. It may kiss this level on intraday basis also. 


Chikou-Span (CS) line will also get support on kumo then. These are the very crucial support levels of DowJones.


The expected movement of DowJones for coming days has been marked by Blue pencil on chart itself.

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