Tuesday, July 15, 2008

Dow Jones for July 15 - Viral Joshi

Dow Jones is near its long-term support of 11,000. If this level is broken, then from this level, a new negative cycle can been seen. If it succeeds in bouncing back, then this is a good sign for bulls, and one can expect Dow to move towards 12,000.

Pivot for Dow is 11,080 and support is 11,000.

S1 11,050; S2 11,020; S3 11,000; and R1 11,080; R2 11,150; R3 11,210.

Above 11,080 Dow is positive and below 11,020 Dow is negative.

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