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.

> S&P 500 Monthly Analysis

S&P 500 Technical Analysis : From 31st Oct 2007 to 1st Mar 2009 Full Wave 1-2-3-4-5 was Completed.  Now Closed above 61.8% of the total move.  So next resistance at 1390-1400, ie.78.6% of the total move.  Once it fails to cross then Correction will be severe. So, expected correction/sideways move with negative bias. Wait and Watch.

> 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.