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..

1 comment:

  1. I bet you were hoping that the world economy would sort itself out in time for your return. Still - at least the tapas are getting cheaper. See you soon. CN


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