Saturday, November 10, 2007

$INDU Analysis for 11.10.2007

DOW JONES INDUSTRIAL AVERAGE - $INDU

Monthly chart shows potential evening star candle pattern setting up.

Weekly chart shows increasing downside momentum.

Daily chart shows increased selling the last three trading days. Index is now below all key moving averages, including the 200sma. The index is in danger of retracing all of the gains for the 2007 year.

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