Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1283)	11/3/2009 9:56:13 AM
From: Jibacoa	Read Replies (1) of 1404

Looking at the DOW <g> After piercing the 'Maginot Line' last month the DOW found resistance at the 10157 level. On its present near term DT it found support on Friday and yesterday at 9647 but the important near term support is between 9580 and 9380. The mid term important support is at the 9000 level.<g> bigcharts.marketwatch.com In order to get off from the mid term DT coming from its Oct 2007 H at the 14280 level it needs to close at 11,000 <g> bigcharts.marketwatch.com Bottom line: In spite of piercing the 'Maginot Line' the DOW still isn't off the woods and thatb seems to be one the reasons so many people remain with a good amount of cash parked on the sidelines in spite of the poor return on the parked cash.<g> Bernard

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