Monday, September 26, 2011

Negative Dead Cross In MACD Signals More Downside Consolidation For The Dow Jones.

Wall Street Recap:Dow Jones up 38 points ahead of IMF/World Bank meeting
After tumbling 775 points from Monday to Thursday last week, the Dow Jones edged 37.7 points higher to 10771, as a pledge from global officials to maintain financial stability alleviated some investor anxiety. The slim gains, however, was overshadowed by the Dow Jones' 6.4% weekly slide, its worst performance since October 2008, during the depths of the financial crisis.

Intraday, the Dow Jones fluctuated within positive (+75 points) and negative (-95 points) zones as Investors were watching Washington D.C. over the weekend for news on Greece as finance ministers meet at the annual World Bank and International Monetary Fund.

Daily Dow Jones: Negative Dead Cross In MACD Signals More Downside Consolidation
DowJones26-09-2011

Weekly Dow Jones: A Breach Below Lower Bollinger Band Will Spur Index Lower Towards 10,000
DowJones26-09-2011a



Source: StockCharts.com

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