DOW JONES INDUSTRIAL AVERAGE - $INDU
Monthly chart shows continued weakness with no buy signal/pattern evident on this timeframe. Downside target remains at the .618 fib level.
Weekly chart shows that this week's trading activity resulted in a doji/spinning top candle pattern. The index is stuck in consolidation before the next big move (down). No buy signal/pattern evident on this timeframe.
Daily chart shows the renewed selling pressure today (Friday), with the Bear Stearns crisis and bailout. No buy signal/pattern evident on this timeframe. Look for continued weakness and lower still.
Friday, March 14, 2008
$INDU Update for 03.14.2008
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