Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius


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Sunday, September 18, 2011

DOW charts daily and monthly

Daily chart shows support and resistance..shaded areas..  We may be in process of forming bear flag..possibly still some higher prices to come.   A break of 11,000 may signal start of next down leg. So probably more range bound trading for a while.  before a decisive move (probability? 70% to downside?)

Weekly chart shows MACD turning down...and looks like crossing to downside...look at previous turn down..

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