Dow has rocked ...and finally closed above 2.10%

This Dow chart posted , for those who are firm believer of RSI that if RSI crosses  the 70 level then one can go short ..In this chart at least 4 times RSI graph kissed 80 level ...But the journey of Dow remained  continue towards North East direction ..as per the habit of bollinger ...outer bollinger band performed its function very well ...with perfection ...Each candle stick was playing its role ... it is technically a superb chart from the technical analysis point of view...

Index Value:	10,404.77
Trade Time:	4:02PM EDT
Change:	213.88 (2.10%)
Prev Close:	10,190.89
Open:	10,192.40
Day's Range:	10,192.40 - 10,408.32
52wk Range:	8,057.57 - 11,309.00

Stocks jumped on Tuesday as investors went on a buying binge. The S&P 500 turned positive for the year and rose above its 200-day moving average for the first time in a month, suggesting the recent downtrend may be nearing an end.

Investors were motivated by successful debt auctions in Spain, Belgium and Ireland, which lifted some of the gloom over Europe's debt crisis. The euro rallied against the dollar and pushed commodity prices higher.

"You are seeing renewed confidence, and it's certainly evident in the price action in the euro," said Tom Schrader, managing director of U.S. equity trading at Stifel Nicolaus Capital Markets in Baltimore. "There's definitely a trend toward returning to risky assets."

Source,,,http://finance.yahoo.com/news/Wall-Street-jumps-as-SP-500-rb-1967056791.html?x=0