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Approaching 12,000 again

Posted by btr Thu, 27 Apr 2006 23:43:00 GMT

Dow Jones Industrial Average is matching towards 12,000 again since it reached that level briefly in 2000.

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Dow Jones up almost 200 points

Posted by btr Fri, 14 Apr 2006 15:01:00 GMT

It looks more like to break on the upside now. Let's see if it will follow through rest of this week.

It's interesting to notice that crude is at $72/bbl, gold is at $600, while Dow has reached almost multi-year high.

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Looking for direction

Posted by btr Fri, 14 Apr 2006 00:02:00 GMT

Dow Jones Industrial Average is going to resolve this soon. A breakout from here won't be a surprise. Looking for some decent earning reports.

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Back at the trend line again

Posted by btr Sat, 01 Apr 2006 00:47:15 GMT

Dow Jones Industrial Average is again at the uptrend line. Go long if it stays above 11,100.

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Breakout

Posted by btr Fri, 10 Mar 2006 23:24:00 GMT

Dow Jones Industrial broke out this resistence at higher than average volume. It's in a 5-year high right now. Expecting some further up moves in the comming days.

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Reaching support area

Posted by btr Thu, 09 Mar 2006 02:11:00 GMT

Dow Jones Industrial is reaching the support area on this uptrend line. Wait to see if the Stochastic falls near 20 then go long. The stop can be set up at 10,600.

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Pullback

Posted by btr Wed, 01 Mar 2006 01:46:00 GMT

Dow Jones Industrial pulled back a little and closed just a hair line below 11,000. The volume was slightly higher than average. If it holds up at 11,000, it's more likely we will see some movement on the upside in the comming days and weeks. However, if the 11,000 does not hold up, we expect to see it at the support level 10,700.

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Dow Jones Industrial reached new high

Posted by btr Fri, 17 Feb 2006 00:17:46 GMT

Dow Jones Industrial reached new high today. The volume is decent, so we may see some follow-through next week.

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Going sideway for a while?

Posted by btr Sat, 04 Feb 2006 15:26:00 GMT

Dow Jones Industrial looks like going sideway amid earning announcements and change of feds' chairman.

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Overhead resistence

Posted by btr Fri, 27 Jan 2006 03:34:00 GMT

INDU has to break this SMA 50 to be on the bull side. Bears will be shorting at the resistence level around 10,900 and 11,000.

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