23rd March 2011–Pattern Study–DJIA

Ticker:

 

1. DJIA

 

Topic:

 

1. Interesting junction

 

Lesson Learnt:

 

1. It is hovering at the junction of 20MA and 50MA line.
2. It is also now at the tip of the triangle formation.
3. This week's move will be very critical to determine whether the bear market continue or not.
4. Weekly chart looks healthy.

 

Intraday Chart

Historical Chart