Mar 26 2009
Dow futures :Interesting technical view.
Dow futures are at interesting zone that i am looking at currently .
I am posting a chart for you to see what i am gonna talk.
We are at the level which interests everyone most .
Both buyers and sellers are looking at the 7800 to 8000 level with great interest as the breach of this level will bring in buyers and a bounce would bring in sellers .
We have been seeing rally in market everyday for last week or so taking us nearly 1100 points higher than the low .This is very important as this push up till day was very powerful with lot of buyers but was it due to short covering? or option expiry? If so we will see the fall coming from this 8k level on dow . Or else if this is true recovery we have a good entry on confirmatory break of this level for long term haul.
Looking forward to grab either of the opportunities for a wonderful trade!
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