Swing Trading Report - Oct 28

By John Crane
27 October 2009 @ 08:33 pm EDT

December Dow Jones - Dow Jones futures fell for a third day as stronger-than-expected demand in a Treasury auction and an unexpected drop in consumer confidence has investors questioning the strength of the economy recovery. The Dow Jones did finally find support on the upward trending lower parallel line and 20-day SMA as well as closing lower on the projected reversal swing date. This can be a bullish "setup" for a short-term reversal and possible buy signal.

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