Saturday, November 14, 2009

$DJCOMP weekly target

Looking at the weekly chart of the Dow composite index things look lined up to finally test the 200 day moving average which is at the apprx area of the minimum downside projection of the weekly RSI sell signal that is now flashing. If this price objective is met it will cause another longer term (weekly) topping chart pattern to emerge the likes of which is still yet to be seen...


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