sreebhashyam

Dow - Down and Out ?

Short
Dow failed to cross 30 K in the back drop of most optimistic news flow, a la contrarian indicator. The move below 29800 signals short term down move towards 29100. Break there would suggest deeper correction towards the 26800 area. Stay short here and 29750 stop 30150 part profit 29100 balance around 27500.

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