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FXEmpire | November 22 2012 10:50 EST
By FXEmpire.com
The Dow Jones Industrial Average rose during the session on Thursday, although we were in a fairly illiquid marketplace. After all, the New York Stock Exchanges weren’t even open, and Thanksgiving would have been more important to traders in the United States than any stock trading.
We are currently slashing through resistance, but we think that the 13,000 level will provide much more stringent resistance, and of course we are willing to sell once we get to that general vicinity. We simply will need to see some type of resistive action in the general vicinity to start selling. Going forward, we will probably ignore the short-term rally to focus on the longer-term downtrend.
Click here a current Dow Jones Chart.
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