DOW JONES INDUSTRIAL AVERAGE INDEX - $INDU
Monthly chart shows that February 2009 ended with a new low made, erasing a decade of gains. The index remains below all key moving averages and the down trendline in place. No buy signal/pattern evident on this timeframe.
Weekly chart shows the bears were in control as they closed the week with a new lower low made and near the low for the week. Index remains below all key moving averages and all down trendlines in place. No buy signal/pattern evident on this timeframe.
Daily chart shows that my first downside target at the 1.27 fib level has been hit this week. Look to next week's trading session to see whether any aggressive bulls will step in or not. No buy signal/pattern evident on this timeframe.
Daily chart shows that my first downside target at the 1.27 fib level has been hit this week. Look to next week's trading session to see whether any aggressive bulls will step in or not. No buy signal/pattern evident on this timeframe.
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