Sunday, May 31, 2009

weekly trading for Dow jones the 1st of june 2009



         Dj is side way for the whole of May.If Dj can break up 8600 level, we can see Dj shooting up to 9050 level very fast,but the first resistance for Dj to test breaking up around 8750 level,this level is a signal for bullish trend in short term of Dj,the next target uptrend will be 9.150 then 9.790 level.My view for Dj in next year around 10.350- 10.800 level.Another side Dj can drop to big support at 5.500-5.800 level is no amazing thing when the global crisis signals is still around.

         In next 2months Dj looks easy to correction drop back around 7.100-7.350 level if Crude oil can not break up higher 70 usd/1barrel.This technical correction will bring Dj,oil,gold,... some other products falling soon.

        We are better to take a look for a while,also square all your porfolio investment before the global market got some clear things. Be patience with your mind,the market is still there,it is never late to invest in finance market.

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