O.T.
After the "Reversal Day" of Nov21 on volume of 20,636,200 the DOW has been acting better.:>)
After the "Reversal Day" it moved up for 4 consecutive days and now,after moving up for 3 consecutive days last week and been able to close above the 9,000 level, it seems ready to test the next resistance from the Dec 8 H at 9,151.
But it still has two important resistance levels ahead: The Nov4 H at 9,711 and then the "Maginot Line" at the 10,000 level.
Last week it was also able to go through the downtrend line coming from the Nov2 H at 11,831. The main resistance to deal with still remains from the 10,255 to the Nov H at 11,933
But although things look better,they still don't look good enough to try to advance much or too fast,because it is still possible that one may have to retreat. :>)
bigcharts.marketwatch.com
Bernard |
