DOW 1.03% $5.75 downer edi limited

what next?, page-26

  1. 17,783 Posts.
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    jgunter i feel the same negativity. So you are not alone.

    I would rather see the US market either pull back or blast through with some volume.

    DOW seems to attract buyers at $4.25 then rises then drops roughly back where it started. Accumulation probably, but one negative night in the US, i think this tree will get shaken. From longer term of view no problem, but from a trading point it is a pain.

    3rd Resistance = $4.36
    2nd Resistance = $4.33
    1st Resistance = $4.30
    Pivot Point = $4.27
    1st Support = $4.24
    2nd Support = $4.21
    3rd Support = $4.18

    1st support and 1st resistance again are familiar numbers.

    I would probably be tempted to buy at $4.21

 
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