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To: NOW who wrote (77916)7/25/2003 8:02:43 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Sure. Until/unless the Dow falls off the shelf it's been on for weeks, just under the big test (that chart I've posted a couple of times), it still looks OK for up. It is certainly not broken technically in any timeframe I look at.



To: NOW who wrote (77916)7/25/2003 9:13:59 AM
From: bcrafty  Respond to of 209892
 
tooearly, that's a bit of a compound question

Could the Dow (a) go down for a few days (b) and then go up after that, seems to be what you're saying.

Allan's answer addresses the (b) part of your question and Keller's read on the 60-minute chart might address the (a) part of your question, where he implies a move to 8870 on its way to 8400.

stockcharts.com

However, a rally that takes out today's highs means "something else is going on." ;~}


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