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Dow Jones Industrial approaching previous high

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.

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Uptrend broken

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.

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Passing 12,000

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.

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Marching to 12,000

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.

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INDU going to try previous high again

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.

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Swing back to overhead resistence

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.

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DOW Jones touching the trend line

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.

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Two big drops in a row

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.

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Dow Jones @ 6 year high

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.

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Approaching 12,000 again

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.

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