Charts How here is P&F Charts for Dow
Dow Shows a P&F Warning on 11th December which is likely to be a reversal.
Breakout is possible only above 9000.
High Pole Warning
The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.
Related Readings and Observations
Nifty and Bank Nifty 90 min chart update for 18 January 2012 Nifty and Bank Nifty on the 90 min charts is in buy mode with supports coming around 4830 and 8791 respectively.
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Shorting J.P Associates Positionally
Here is an interesting Daily GANN Chart of J.P Assoicates. Which points to an GANN Resistance of 245.Here the Ideal trade should be short J.P Associates in rise with EOD stop […]
Complete NSE EOD Database in Amibroker Format upto 31st Dec 2010 Download Complete EOD database for Amibroker since the starting of NSE upto 31st Dec 2010
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