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
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Nifty and Bank Nifty 90 min charts for 14 Feb 2012
Nifty and Bank Nifty is in buy mode on the 90 min charts with supports coming aroun 5369 and 10378 and trading very close to the cloud support zone.
Nifty Weekly Chart
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