Saturday, December 15, 2007

$INDU Update for 12.15.2007

$INDU - Dow Jones Industrial Average

Monthly chart shows uptrend remains intact. Look for break of this uptrend to confirm change in trend.
Weekly chart shows a lower high in place for now. Potential head and shoulders pattern forming. Watch for break of Neckline to confirm bigger move down.
Daily chart shows major selling pressure on Friday, with the Index closing on its low for the trading week. Look for continued selling pressure next week.








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