Anyway, I'm cautiously to the upside as we are just beneath 50% fibnoacci retracement level at 10330 which is the major resistance level to watch out. It's about 490 point from current level.
(Click pic to enlarge)
Tuesday, October 27, 2009
Be Cautious To More Downside
Dow was down to its 20dma support level at around 9840, which is also its horizontal support level, watch out see if it can hold tonight. Next critical support level we shall watch out is 9650 which is its 50dma and trendline support.
Anyway, I'm cautiously to the upside as we are just beneath 50% fibnoacci retracement level at 10330 which is the major resistance level to watch out. It's about 490 point from current level.
(Click pic to enlarge)
Anyway, I'm cautiously to the upside as we are just beneath 50% fibnoacci retracement level at 10330 which is the major resistance level to watch out. It's about 490 point from current level.
(Click pic to enlarge)
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US mkt
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