Dow Jones Industrial Average is again at the uptrend line. Go long if it stays above 11,100.
Tag Archives: Long
Reaching support area
Dow Jones Industrial is reaching the support area on this uptrend line. Wait to see if the Stochastic falls near 20 then go long. The stop can be set up at 10,600.
Dow Jones Industral above 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.
Indecision
The long doji indicated that market didn’t make up mind yet on where to go next. We need some push to break the overhead resistence.
Lost Connectivity
The connectivity to this site was lost on May 27 and restored today. The ISP’s service is really bad. They sent many crews trying to fix the problem, but none was responsible for making sure the probelm was fixed. I ended up managing it for them! I called their support center to make sure each work order was completed and new work order was created until the problem was finally resolved. One significant factor for such long delay is that they create a new ticket whenever a call to the support center is made, therefore, it’s subject to waiting in the queues.