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Posted by btr Tue, 17 Apr 2007 04:00:00 GMT
It will have to test the previous high first. We might see a breakout from this ascending triangle. So the resistence is at 12,845 and then 13,000 if it breaks out.
Posted by btr Thu, 01 Mar 2007 03:16:00 GMT
Dow Jones Industrial has broken its uptrend line. It will likely test the major support area at 12,000.
Tuesday’s big drop was the first in a few years.
Posted by btr Sun, 19 Nov 2006 20:06:53 GMT
12,000 is at the rear mirror now. INDU has been strong in the past two weeks. Even though it’s in over-bought territory, INDU has the momentum to reach higher at year end rally. The mid-term election was over, the market did not over-react to the new political landscape in Washington.
Posted by btr Thu, 05 Oct 2006 00:07:00 GMT
It looks rather symetric on this quarterly chart. What’s ahead of us after 12,000? It looks like a double top so it may pull back for a while before moving ahead.
Posted by btr Fri, 15 Sep 2006 00:14:00 GMT
Dow Jones Industrial is marching again to retest the previous high @ 11, 709. Will we see 12,000 this year? There’re still more than three months remaining for 2006.
Posted by btr Fri, 28 Jul 2006 04:51:00 GMT
Dow Jones moved back to the resistence level. As the war in the mideast is still lingerling around, there’s no much room for futher move up from here.
Posted by btr Wed, 17 May 2006 23:05:00 GMT
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.
Posted by btr Thu, 11 May 2006 01:15:00 GMT
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.
Posted by btr Fri, 05 May 2006 23:05:00 GMT
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.
Posted by btr Thu, 27 Apr 2006 23:43:00 GMT
Dow Jones Industrial Average is matching towards 12,000 again since it reached that level briefly in 2000.