Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Dow jones Gets out of falling wedge

Dow jones is trying to reverse the trend by getting out of this falling wedge. I have already posted this falling wedge 3 days back. Now it seems dow is trying to get out of it. But it has some serious resistance ahead 10250 is one. Before that dow has to face the 23.6% retracement level of its fall from 11250. I have attached the chart with this post.

Thank you

 http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-trying-to-reverse-trend.html





Disclosure: no positions