International Stocks, Commodities & Forex Market Trends

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Sunday, July 27, 2008

Dow Jones (DJIA) outlook is weak in the near term

Dow ended with a fall below 11500, completing a doji star candlestick reversal. Volume is light, after strong resistance at [R], and we can expect another test of support at 11000.

Long Term: Failure of support at 11000 would signal another down-swing, with a target of 10700 (the June 2006 low).

Source: IncredibleCharts.com

Labels: djiaa-trend, usa-dow-trend, usa-stock-market