DOW JONES / INDU

Two possibilities

1 This is a inverted Head n Shoulders pattern which can head to 12900 / 13000

2. Or a Triangle in the making.

A decisive break above the 12200+ range would confirm a inverted head and shoulders and it may head to 13 K.

However the markets got to get back down to 10500 once it gets there.

DOW JONES / INDU

NSE has started contracts for Dow Jones and the S&P 500. I will be covering both of these going forward and I think this could lead to additional opportunities

As far as the DOW is concerned the Lot size is 25 - Margin 33000 and S&P Lot 250 - Margin 34000

I dont have intraday data on the S&P so wont be posting it's chart for sometime

The chart on the DOW indicates a flat trading day today. However, sometime in Dec - Jan - I expect that it retraces back towards 11000~ levels. One can start building shorts on the DOW around 12100 odd levels