Friday, July 25, 2008

DOW JONES (DJI) FORECAST

Refer to the downward sloping line at left, it denoted the downtrend of DJI. At the near bottom of left downward sloping line, DJI made a shot up to break up this line. Technically, it made a break up which is a turning from downtrend to uptrend in short term. The left box was the short term uptrend after the break up.

Refer to the downward sloping line at right, which is the current situation. DJI made a break up lately. It shows DJI may repeat the same as above. The box at right hand side, ie. the near future term, DJI is likely to go upward.

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