Jim, I don't know if the market is going to rally tomorrow or not, and even if it does, odds favour some sort of decline first.
However, I think this weekly Dow chart shows this last week's lows are highly likely to hold. Not only are we at the intersection of two strong trendlines, but the green ADX line is now at around 8. If this pans out, I can't see the other indices not following suit.
stockcharts.com[e,a]wbclnyay[d19970718,20020718][p][vc60][iut!ue12,26,9!ub14!ud10!ll14!lc10!lp14,3,3!lah12,26,9!lo14][J5159933,Y]&listNum=11 |
