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Tuesday 24 July 2012

Dowjones Technicals

After rallying from  11424 to 12935 with in a week Dowjones retraced 80% to take support at 12525 and forming dojis between 80& 68% re-tracement levels it is indicating a resumption of its up-trend. MACD still in -ve crossover, a consistent break above 12725 will confirm the short-term trend.
                                Click on image to enlarge

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