Dow Jones Industrial Average Looks Good

January 1, 2012

Even for heikin-ashi charts, a (short) moving average can be used as a filter.

In this case, as long as haClose (12,251.0) remains above the SMA(haClose,7) DJ-30 can be considered bullish (upper pane).

A bullish sign for the index is the recent reversal of haDelta (yellow, lower pane).

 

Dow Jones Industrial Average Looks Good 30/12/2011

 

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