08/06/2012

The DOW now. Daily chart

This is a daily line chart for DOW up to now. The dots are the closing points.
You see the "break down" horizontal line at 12.362.1. After the break down a three day consolidation at the target and then the rally on upside touching but not cross the falling 21 MA. You see that the blue 8 MA is below the line and still falling.

I think the rally on upside is over and that the trend is slowly turning down. No clear technical signs yet on the small charts what will happen. My guess is that the a drop will come today or Monday back to the lowest close. But not sure. US news is always a dark horse. Just wait and follow the 30 min chart and 2 hours now.

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