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You are here: Home / Analysis / Dow Jones near Extreme Resistance Point

Dow Jones near Extreme Resistance Point

February 16, 2010 by Rajandran 7 Comments

Dow Jones Weekly Charts

CMP : 10187

Chart Shows Dow Jones Weekly chart with 5/13 EMA Weekly crossover as in every global indices. But currently trading inbetween those important moving average zone 5 Week EMA(10172) and 13 Week EMA(10195). i.e exactly near the craddle resistance point.High Probability of Trend reversal could be possible from this point

 

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Filed Under: Analysis, Dow Jones, World Indices Tagged With: Dow Jones

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Saif says

    February 17, 2010 at 12:46 am

    sir..looks like the call writers have given away..4800 call writing was a trap and now 4900 wld be taken out…5k still wld be the tough nut to crack..

    Reply
  2. Ravi says

    February 17, 2010 at 9:12 am

    Raj Ji

    Trend reversal in what direction?Thx

    KPR

    Reply
  3. Rajandran says

    February 17, 2010 at 1:14 pm

    I dont want to whipsaw now. Let the support breaks to reverse the direction. Days are not so far

    Reply
  4. nanavati says

    February 17, 2010 at 3:21 pm

    sir should v reverse the nifty sell to buy

    Reply
  5. JITIN says

    February 17, 2010 at 6:34 pm

    hi Mr. rajandran,
    FOR THE FIRST TIME I HAVE SEEN NSE TRIN AND NIFTY GO IN THE SAME DIRECTION . WHAT DOES THIS MEAN ?

    Reply
    • Rajandran R says

      February 17, 2010 at 9:40 pm

      At Jitin and nanavati

      Rising trin in a rising market means some one is duping the stocks in every upside and if trin shoots above 1 indicates the conformity of bearishness. I thing we could get some clue before this friday either to reverse the position or not. 13 EMA weekly is the next point of resistance now. More over 5/13 Weekly crossover is a rare event and it doesnt appear frequently. It is a conformity of bear market. But here the time frame is weekly charts so its little difficult to be with the timing for me

      Reply
  6. nanavati says

    February 18, 2010 at 3:41 pm

    sir based on your yesterday 1314 hrs quotes i remain short in 5000 call and i mean the money i wanted. sir i believe in your study. it’s great. thanks once again for the guidance.

    Reply

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