Monday, April 23, 2012

DJIA update Mon 23-Apr-2012

Ladies and gentlemen, boys and girls

A very good morning from the marine rich, beautiful island - Pulau Redang!

I hv tried multiple times to access the Internet but it takes 1 minute to load a page... And another minute to load a chart...
Reminding me of last decade while Internet is slow and we are all patiently waiting for everything to appear. But with modern technology, we are pampered, and we can't seem to be waiting!

I was lying down on the hammock while reading US30 chart from FXCM, and not able to see DJIA chart. So the levels quoted here might not be accurate.

US30
For the following week, DJIA might continue trading in consolidation within the channel formed since these two weeks and if u can, draw a supporting trendline diagonally up which indicates where it will be supported.

QLast done: 13020
S1: 12950
S2: 12880
R1: 13130
R2: 13250

Long long up up here we go DJIA.

If DJIA broken this supported trendline and trade below 12880 and it becomes Resistance, then DJIA shall continue the slide to 12750 and 12550 respectively.

Cheers
Ayumi

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