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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (131876)4/17/2006 8:51:48 PM
From: sitkapacific  Read Replies (1) | Respond to of 209892
 
INDU is in a (somewhat) channeling choppy downtrend ever since March 21. Hard to know what to make of it. May reverse up, but if it keeps grinding through supports, it may end up accelerating down.

Today was a big day for INDU and TRAN:

TRAN
stockcharts.com[w,a]daclyyay[d20051001,20061231][pf][vc60][J74448964,Y]&r=834

INDU (break and a retest)
stockcharts.com[w,a]daclyyay[d20051001,20061231][pf][vc60][J74448934,Y]&r=381

Brian



To: skinowski who wrote (131876)4/17/2006 10:01:19 PM
From: venividivici  Read Replies (2) | Respond to of 209892
 
I'm still trying to determine whether the move off the March low is done or not. My biggest issue is that volume has really dried up, but maybe that's what the beginning of the first impulse down should look like?

Indicator-wise the S&P looks like a buy here.

stockcharts.com[g,a]eaolyyay[d20060301,20060417][pc9!c50!i!f][vc60][ilb5!la12,26,9!lp21,13,8!lp13,8,5!lp8,5,3!ll14][J71351888,Y]&pref=G


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