Tuesday, November 9, 2010


We expect a little bit of pull back after DJIA sharp gain on last Thursday.

Although the trend is still bullish, we are cautious about the bullishness in view of a evening star forming last Friday and Monday in the daily charts.
Hence Ayumi would prefer to wait for a pullback before buying in. On the upside, DJIA would likely surpass 11500 and touch 11650 within this month.

Look for DJIA to be supported at 11340 followed by 11250 which will present good buying opportunities.

Intraday Trading Plan for DJIA, 9-11-2010 (Tuesday)
Long Entry: 11272, SL 11232, TG 11400
Short Entry: 11451, SL 11491, TG 11300

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