Saturday, January 19, 2008

$INDU Update for 01.19.2008

DOWN JONES INDUSTRIAL AVERAGE - $INDU

Monthly chart shows a break of the up trendline in place. Market has given back all the gains from last year.

Weekly chart shows h&s pattern triggered, with index closing for the week well below all key moving averages.

Daily chart shows index below all key moving averages. Look for a break of 12,000 psychological level next week as highly likely.

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