Resistance Strong at 10,500

10/14/2008 9:51 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

The record breaking gains in the US market should have stemmed the slide for now. The Dow has trend line resistance in the 10,300 area with further resistance in the 10,500-11,000 area. The declining 200-day MA is now just below 12,000.

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