The DOW closed at 12,390 and created a doji on the daily chart today.
This could be signaling that a base is forming, but to confirm another potential move up we would like to see a close above today's doji which would mean a close above 12,500.
The DOW short term trend is still down with lower highs and lower lows and still remains below the 30,100 and 200 moving averages.
DOW Daily Chart:
Wednesday, June 4, 2008
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