Friday, November 9, 2007

DJIA - continuing downtrend but seems to have found support

DJIA = 13,266.29 (-0.25%)

DJIA formed another black candle with lower high and lower low. It seems to be forming a hammer candlestick which could be a signal for a reversal. We will know for sure if it has reversed if DJIA forms higher highs and higher lows after the possible hammer.

Good luck to all traders!
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