INDU is retesting the 8,000 level again. As we can see, it’s currently over sold and the volume is slightly above average. As we have said before, around 8,000 is the major support level. For a short-term trade, it’s time to buy some.
Tag Archives: Retesting
YHOO, GOOG, MSFT, QQQQ and INDU
YHOO broke out solid this time fueled by good earning report.
GOOG will be retesting the previous high tomorrow.
After a pullback, MSFT resumed upward movement from its recent breakout.
Overall, the tech-heavy QQQQ still has a lot of work ahead.
INDU faces the resistence around 10388.