BSH: DOWJONES Technical Update: Dow jones industrial average has - TopicsExpress

BSH: DOWJONES Technical Update: Dow jones industrial average has been rising steadily in the ast few trading sessions in line with our eariler report for this index. The price previously reversed up strongly from the support zone surrounding the support level 17800. The upward price thrust continues the strong intermediat impulse wave 3 which recently broke the upper resistance trendlines of the two daily up channels from february and OCtober of 2013. The index is approachin the round resistance level 18000. If if breaks abv 18000 the price can rise to the next resistance level at 18200.

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