dowjone weekly report07-11july-

dow jones on weekly scale oversold area and curetly on 5th down wave. on daily scale it aloso competing extended 3rd down wave..overall dow must be pull back technicaly in near term..buying is advisible..
PIVOT , LOWER TARGET AND UPER TARGET VALID ONLY FOR CURRENT WEEK ONLY ---------------------
UPWAVE(4-5) WUT3 : --11,510
UPWAVE(2-3) WUT2 : --11,440
UPWAVE(0-1) WUT1: --11,325
WUT= WEEKLY UPER TARGET
++++(11,254.80) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------

----(11,211.20) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGET
DOWN WAVE(0-1) WLT1 : ---11,141
DOWN WAVE(2-3) WLT2 : : ---11,026
DOWN WAVE(4-5) WLT3 : ---10,956