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Dow Jones - Technical Analysis



16 November 2009 @ 08:35 am ET

DJI closed higher on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short- term top might be in or is near. SPI closed higher on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional strength is possible near-term. NDI closed higher on Friday and above October's high crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional strength is possible near-term.

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