[Market Index Update -DJIA]
note: the candlestick analysis is done automatically by metastock. i am not good enough in candlesticks to verify its accuracy.
note: i do not have volume data on the mkt indexes.
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My thoughts:
This index was the strongest today, partly due to the merger news.
This strength is not only seen in the closing change but also the position in relation to the moving averages.. still above all crucial moving average supports.
Thus, i would not base mkt conditions/outlook using this index since it is skewed on the positive.
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CSS II:
Analysis of DJ INDUSTRIAL IDX
(.DJI)
Reviewed on 5/11/98
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High: 9,189.670
Low: 9,055.400
Close: 9,091.520
Change: 36.369 (0.4016%)
Volume Today: 0 shares.
On 5/11/98, DJ INDUSTRIAL IDX closed up 36.3691 at 9,091.5195 on volume 0.00% below average.
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Summary:
Moving Averages
DJ INDUSTRIAL IDX closed at: 9,091.520
The close is currently Above its 5 period moving average (9,067.8311).
The close is currently Above its 9 period exponential moving average (9,067.9248).
The close is currently Above its 21 period exponential moving average (9,041.3975).
The close is currently Above its 50period exponential moving average(8,868.8018).
The close is currently Above its 200 period exponential moving average (8,197.3828).
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Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). |
