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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 Mon, 17 Jul 2006 23:53:00 GMT
The market is looking for direction. Maybe the war is close to an end?
Dow Jones Industrial has reached the previous low. We should see some bounce unless some really bad development continues in the mideast.
Posted by btr Thu, 06 Jul 2006 20:21:00 GMT
Obviously the latest development in the mideast has caused some concerns on the market. Along with other major indices, Dow Jones Industrial lost ground and it looks likely that it will retest previous low again.
Consider it a potential buying opportunity.
Posted by btr Mon, 26 Jun 2006 03:14:00 GMT
Dow Jones Industrial tested previous low of 10,800 and bounced back. It has broken out of downtrend and been consolidating around 11,000.
Since it’s in summer months, it may not show any determined direction.
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.
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