Monday, August 27, 2007

Dow Jones Industrial Average - Heading Lower Tomorrow

Tomorrow will be interesting for the market. The Dow Jones Industrial Average looks as if it's ready to fall. As you can see in the chart below, it is running into resistance at its 50-day MA and its downward trendline. Stochastics is overbought and hooking down. From the looks of it, the DJI is going to head lower tomorrow. (click image to enlarge)

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