Thursday, December 17, 2009

Technical View of International Markets

Dow 10441.05
Short term Outlook

The Short term outlook of Dow is looking weak and it is trading in contracting triangle for the past 9 months. It seems to have a maximum upside potential of 10700 and it is likely to top out between 10500 and 10700.




Long term Outlook of Dow.




The present rally from the low of March 2009 seems to be corrective and it is likely to be followed by a deep correction towards 6000 in coming months.