Weekly chart of the DOW. We found support today at 10376, 38.2% /61.8% 2005. However, we could have a little more downside as trendline support for April rally is not far way, at 10350. I will give alternate signals, but the YM short from 10708 stays open regardless, as I think we could be facing a more serious decline next month. As posted in August, my long term target remains 9487.80, March 2003 gap close.
click on chart for full size
click on chart for full size
This entry was posted
on Wednesday, September 21, 2005 at 1:27 PM.
