Friday, August 1, 2008

1Aug08 - PreMarket Review (DJI Weekly)


the longer trend is clearly down
th intermediate trend is showing some strength
in the short term, for tge most recent upswing to maintain course, BUYers MUST come in very soon. in fact, it is ideal that they come in today.
if dji can end the day, above the fibo 38.2% resistance at 11600, then we stand a chance for a more prolonged rally next week.

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