The Dow has pierced through the only downtrend line is has here, and is at that troublesome 10950 area again. A move up here has to be bought, I'd think. Also, it's the most annoying place imaginable for a pullback to leave everything unclear for one more day...
Looking at the daily INDU
stockcharts.com[r,a]dhcayiay[pb20!b50!b200!c20!d20,2!f][vc60][ilb14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J5593496,Y]&pref=G
It's sure mighty easy to see a five wave move off the 10661 low, and a correction off that move. That means we'd now be in the i of 3 of that move up. That'd be... well... strong. |
