Friday, June 4, 2010

BEARISH FLAG IN DOW JONES

DOW JONES

A probable “BEARISH FLAG” is in the making on DOW JONES

the flag pattern is almost 800 points in depth.

THE next important support to watch out on DOW is 9850 a close below which will most likely trigger

SL of the longs created in the last months panic.

Also 9700 is an important support a close below which will really harm the bull run and Dow then will most likely complete the bearish flag tgt of 9500.

So keep watching the 9850 level and if you are a bull then hope that the panic low holds.



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