DJIA (DIA) Simple Trading Update – 10 October 2013

simple trading

We posted a midday update on the Dow for members yesterday as price broke an important support level and looked to be headed even lower.  Today the investing world looks a lot different as the market catapulted off the mat right at the 200 Day Exponential Moving Average and took out several days of highs before closing at the 21 Day EMA.  As always, tomorrow is the day to watch to see if today’s move will be confirmed or if market players will treat it like an aberration.