Unless the DOW recovers back above it's 9 day EMA on Tuesday, I
would expect more downside. The DOW and SPX are seeing some buying
off their respective 20 day MA's but need much more on Tuesday.
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DJIA
Posted by lakez on 2nd of Sep 2011 at 03:52 pm
What do you guys think about DJIA, should hit the bottom channel before a bounce, or possibly drop through the channel.
Unless the DOW recovers back
Posted by steve on 2nd of Sep 2011 at 03:53 pm
Unless the DOW recovers back above it's 9 day EMA on Tuesday, I would expect more downside. The DOW and SPX are seeing some buying off their respective 20 day MA's but need much more on Tuesday.