Wednesday, January 18, 2012

DIA

I could be wrong, but t's worth pointing out...
This is the DOW-30, not the DIA, MACD is negative here (MACD should be used on trends and we have a trend on this timeframe). The high the Dow made also saw a decent chunk of volume, not the biggest of the day, but the Dow didn't move north of that high, which makes me wonder if that is a bit of churning. Keep an eye on intraday support levels if they are broke and watch volume at those areas.

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