02/03/2012

DOW 2 hour closes chart from Feb 16 updated with comments

Day number nine, March 2,  since the DOW 2 hour chart close hit the top line at 13.026.  The bottom line is at the low 12.921.This sideways trend seems to continue and there is not very much to write about until a break out on up or downside seems to occur. The curve in the chart is a 8 close moving average which points in the current direction of the trend.

The last uptrend is the first that has not risen  the whole way up to the top before turning down. Now trading at 12.968.




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