US DJI: more room for the DJI on the downside

The DJI hovered below the resistance line of 12,700 points last week but failed to break the resistance. Instead, the DJI started to fall on Friday to close at 12,325.42 points. The DJI has been in a consolidation mode since early this year when credit crisis started to worsen. From the chart, it looks like there is more room for the DJI on the downside. Therefore the DJI is expected to decline some more and may find support at 12,000 points level. By Benny Lee