There was an error in this gadget


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


Total Pageviews