Holiday Ends. (2010-04-05 DJI analysis)

Holiday Ends. Did you enjoy it? After a few days of break, how would the market go? Continued boost? or finally resisted and direction changed?

Let's see the graph for Dow Jones Industrial Index.



According to the ichimoku cloud, it is clearly bullish. However, as there is quite a distance from the cloud, it would probably inverse to shorten the space between. To try to seek for answer, I had drawn a fibonacci line. We can see that the resistance is up at 11253.31. So we could predict a further upwards until around 11250.