Technicals | Apr 19 2013
The Dow Jones Industrial Average in the last few days has been showing volatility: down 250, up 150, down 150, down 80. This is not a good sign for the bulls, suggests as it shows that the bulls are starting to lose control and sellers are starting to fight back. An indeterminate top could be in place.
Remember we are coming into sell in May and go away time.
14200 is the next key level. Below that 13800-14000 is good support.
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The TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard's, not FNArena's (see our disclaimer).
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