INDU has to break this SMA 50 to be on the bull side. Bears will be shorting at the resistence level around 10,900 and 11,000.
Looking at this five-year chart of INDU, we can see we have again approached and crossed the 11,000 line. With the base built over last two years after 2003 all year long steady climbing up, we may enter a new uptrend from here. We need to see some follow-through after breaking 11,000 with decent volume.
2005 has passed. Dow Jones ended with year in negative territory. Other major indexes were doing better.