DJIA Outlook for Jul. 13 – 17, 2009
Monday, July 13, 2009 9:11
The 100-day moving average may serve as a support at 7995, but I don’t know if that will be a strong support considering momentum to bring the DJIA down to lower levels is gaining once again. Speaking of momentum, the MACD is showing us that the index is steadily descending without letup. We should expect some correction for this week.
Time for shorters to celebrate?
Recommendation: Sell or short
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