DIA enters retracement zone

November 17, 2009

By Arthur Hill

With the advance above 100, the Dow Diamonds (DIA) entered the 50-62% retracement zone. Such retracements can be measured using the Fibonacci Retracements Tool on Sharpcharts. These zones can mark resistance areas and price action merits a close watch.

Click this chart for details.

Posted by Arthur Hill at 10:48:53 AM

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November 17, 2009