Hursthouse Virtue Ethics Abortion

Dow Jones - bevel bearish, April 19

Update chart date of Monday, April 19, the comments have not changed.

Currently curve points in the Dow Jones to break the support base of the structure type bearish rising wedge. The closing of the day is concluded on the 9-day moving average which has supported the index since mid-February. So the breaking of this very short term moving average can symbolize the beginning of a reversal of the current uptrend and began the process of consolidation of the index decline.

The first signs of bearish reversal will manifest itself breakage of the moving average of 9 days which is 11.019, then break the support area of 10.988 points which is practically the lowest of the day Friday and finally rupture area of 10.845 points validate the bearish reversal of the index.

As long as the Dow will be located above the 10.845 points, the trend remains bullish short term , leaving leeway for fluctuations in the index 173 points reference.

area of 10.845 points also represents the Fibonacci retracement of 23.6% retracement at a consolidation taking profits This area of 23.6% is the first objective. If an index or a security zone that bounced off of 23.6% after a decline, it shows a lot of strength to become bullish, bearish because the clan has not had enough energy to make a larger withdrawal and reversal of the downward trend is already playing for the Bulls.

So the support area of 10.845 points is to observe with great attention, especially do not blink your eyes ...

Continued SEC (Securities and Exchange Commission ) cons Goldman Sachs last Friday was a catalyst for the general decline in stock markets. Tuesday, April 20 before the opening of markets, Goldman Sachs will disclose such financial statements for the first quarter of 2010, it will be very interesting to observe the market reaction to these opposite results.

Recent Past
http://observateurtechniqueindices.blogspot.com/2010/04/dow-jones-biseau-baissier-ascendant.html

Published by Claude Bordeleau