Disclaimer: For education/entertainment purpose only. Invest at your own Risk
The Dow Jones Index closed down on Wednesday to 11,102 which is 1.02 points lower than the previous close of 11103
It appears to be slowly inching its way upwards.
There is an old saying that stocks climb the stairs while going up and take the elevators while coming down.
Have a look at the downward slides as shown by the red arrows. In a matter of few days, the Dow slided down considerably. In order to regain its previous position, the Dow tries to go up very slowly. It takes many days and many tries to reach its original level.
As we had said before, the trend will be bullish when the Dow Jones Index crosses 11,300 or bearish when the trend is below 10,700.
Let us wait till it becomes bullish or bearish.
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