22/02/2013

DOW 1 hr chart below is from NYSE that is the US trading floor which opened at 16:30.

DOW 1 hr Bigcharts 16:35

So far the very important FIB 61.80 has not been taken. The second bar from the right is trading after opening in 30 minutes and its close in the middle. The last bar started at 16:00 and has 18 minutes left until bar change at 17:00. See the 8 MA up at the bottom and blue falling 21 MA. So far it seems to me that it would be difficult to get to a new daily high this Friday with no news. 

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