sreebhashyam

DOW - Future - looking back.

Short
It is remindful of struggling up-move, frustrating bears, narrow range. All leading to lost cause. For the bears every 200 points is a struggle till 29000. 29900 (close basis) 29650-29450-29150-29000). For the bulls price above 30000 looks as hope for further gains. We are in for lower incline than higher. As we move into Christmas most probably all bets would be off. That sense one to look for range or is it market would heed bear case. Shorts here stops 30210 break below 29850 (close basis) reduce stop to cost. One move towards 29500 is in order.

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