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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Monday, April 13, 2009

DOW 30


The Dow 30 finding resistance at the 8087 level where the 61.8% Fibonacci line YTD resides.

In the "must keep an eye on" category is the volume of the move away from this line.

If volume is weak during this retracement give creedence to the bulls and place your long calls in the 9k region.

If volume is strong and the retracement gains momentum to pierce throug the rising EMA's....Place your PUT orders in the 7500 area.

For the Web's best interactive charts, please visit http://www.Prophet.Net
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