DJI Analysis

http://moneymason.blogspot.in/2012/01/dji-support-and-resistance-analysis-usa.html [24th Jan chart]
Almost target reached 13060-13100 target expected. todays high 13055.50.

DJI Technical Chart and analysis for buy call - Open buy call at 12702 for 13100 [high 13050]
Call closed

Profit : 350 points

Reached 78.6%.

I will analysis and post the new short call for DJI - Dow Jones tomorrow.

> DJI Weekly Chart

Weekly Chart Dow Jones / DJI / ^DJI / Analysis : Almost Retraced 78.6% FIBONACCI of the 14267 and 6460.  Previous high is also at 12872 and 13133-13140.  Expected Target 13100.  Again lower top of 13133-13140.  [Previous View http://moneymason.blogspot.in/search/label/DJI ] .  3rd Feb,2012 high at 12870.  Already long  call from previous analysis with the target of 13100 is still on.  Wait and watch.

>DJI Support and Resistance Analysis (USA)

Negative divergence in Daily chart, Highly overbought in momentum oscillators.  So, minimum Retracement required to get the final target 13100, Expected correction with sideways up to 12500-12400