YM (DOW futures) did not quite close the September 9 gap (10635), but as you can see on this 60mn chart, it bounced right off trendline support from August lows. This line will be important support going forward or we will most likely close the September 6th gap at 10500. Lots of holes below to fill, but bulls are still in control, which is why I'm using a tight stop on the short. Oil inventories are up tomorrow and CPI on Thursday.
click on chart for full size
click on chart for full size
This entry was posted
on Tuesday, September 13, 2005 at 5:39 PM.
