Friday, May 28, 2010

DOW: Throwback getting completed?

After two hours of trading the chart looks like this..

 

After yesterday’s breakout, now it has undergone a throwback. See he circled area. Now, there is every chance that it may settle down in this range for some more time and take off from here. It may even oscillate above the neckline for a couple of hours before it finally takes off either today itself or on Monday.  

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES