Monday, July 27, 2009

DJI Weekly: build up base


Immediate technical outlook strengthened further following a significant breakout from 9000 mark. However, market need to build up a base in order for a sustainable upward move. Thus, market may move in sideways bias to upside potential in near term. As for now, we are looking for the upside resistance at 9600-9800. While, downside support is pegged at 8100-8000.