DJIA on 25-Aug-11 (Thu)

Lets go higher...
Market expecting some good news from Mr. Ben?

We mentioned from our weekly forecast that DJIA may possibly bounce up from the low and moving towards:

Strong Resistance: 11460 - 11530
Current support: 10600

I am expecting a Trapezium to form, hopefully DJIA can rally up above 11530 and ultimately 11800 to form the marginal top before everything collapse again.

My trade plan today:

Long Wall Street CFD @ 11177 SL 50 pts, TG 250 pts.

Related Post: Weekly forecast 22-Aug-2011