SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Chart Analysis of the DOW

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: zigzagman3/29/2009 11:47:38 PM
   of 120
 
Chart and Fundamental Analysis of the Dow:

The Video Charts of the hourly, daily, weekly, monthly, and quarterly charts of the Dow are now available for viewing...They are both about fifteen minutes long:

adserv.stocksite.com[DJIA-3-27-09-DAILY.swf

adserv.stocksite.com

The hourly chart shows it will most likely fall to the lower Bollinger Band, and it it takes out the previous level of support there may be much more downside:



The daily chart shows a pullback may be coming, and many of the technical indicators are at levels of resistance...The fly in the ointment is the diminishing volume and the A/D line's failure to break out to new highs during the rally last week:





The weekly chart is much more bullish than bearish:





The monthly and quarterly charts show the biggest volume in recorded history, and the RSI on the monthly chart has finally started to turn up...Plus the monthly candlestick looks fairly bullish for the first time in a very long time:



The candle on the quarterly chart is looking much better than it did a month ago:



Happy Trading next week!...
zigzagman
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext