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Old 06-02-07, 01:36 PM
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Charting the Dow

I just posted a chart of the Dow on my blog with my 2 cents of analysis. I'd appreciate some feedback in any form - praise me, correct me, pray to me, educate me on where I went wrong...

Charting the Dow ($INDU)
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Old 06-02-07, 08:43 PM
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Looks pretty good to me, everything there in intact, support and resistance trendlines drawn pretty clearly. With the recent uptrend though above the top trendline I don't think that 12,500 is valid support anymore. Basically, if it collapses back into its long term range and tests this support line again, I say it breaks it.
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