Dow Jones Industrial Average closed at the current uptrend line. Breaking down from here indicates a trend reversal. If you want t0 trade, here’s an opportunity to go long and set a stop loss somewhere below the trend line, say, 11,000.
Monthly Archives: May 2006
Two big drops in a row
Dow Jones Industrail Average lost its momentum and dropped more than 200 points in two days. The supports are shown in the chart. Breach at 11,200 will indicate a trend reversal.
Dow Jones @ 6 year high
Marching to 12,000. It will form a double top on this long term chart, which means we may see some pullback around 12,000.