Thursday, October 1, 2009

DJI - Market

I am now looking at DJI because KLSE & STI strongly correlate to DJI.

DJI is now still in uptrend. Support at 20MA. Resistance at FR (Fibonacci Retracement) 50% or 50MA. ADX(daily) is showing strength is strong but weakening. ADX(weekly) is showing trend is weak but strength is going to increase soon. Need to monitor weekly when trend starts, is it uptrend or downtrend.

DJI Daily & Weekly Chart








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