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US Dow daily chart as at 24 September 2010 using NextVIEW Advisor Professional
Saturday, September 25, 2010
The US Dow Jones Industrial Average soared on Friday with a 1.86% to 10860.26 points. From the chart it broke above the up trend channel resistance line and normally, price would continue with a very strong upward move after a channel breakout. The Asean markets like Malaysia, Indonesia and Thailand have trended almost parabolically after the resistance breakout. So technically, we would be expecting the Dow to test the next resistance level at 11,200 points.
US Dow daily chart as at 24 September 2010 using NextVIEW Advisor Professional
US Dow daily chart as at 24 September 2010 using NextVIEW Advisor Professional
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