Dow 09/08/01

ChartMan

Legendary member
Messages
5,580
Likes
47
Could we be in for a small rally? The down trend break below support got severely hit to 200 odd, but bounced back quickly to form a double bottom.From then on we had a nice rally, testing 300 3 times and forming a bull wedge.Uptrend support and horizontal support are at 250 ish.Upper resistance is at 400, and that could be the target tomorrow.Contrarian view says drop to support, maybe, then retest 300...
 

Attachments

  • dow090801.gif
    dow090801.gif
    13.5 KB · Views: 306
Top