Thursday, November 13, 2008

Another powerful reversal signal in market today

Another powerful reversal signal for Dow Jones Industrial Average around 8000 level.
This is sort of double bottom- market rebounding after testing psychological level of 8000 for DJIA.

The volume was also very nice. Similar signals can be seen in Intel, Cisco, apple etc. (INTC- Intel as such has a strong U TURN signal- bad news- lower open but the stock managed to close strong.

Keep a stoploss at today's low prices.

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