May 22, 2010

  • An Ascending broadening formation in Dow weekly chart.
  • Break down of the below line can bring the index down to 9000 levels.
  • Break of the upside resistance can push the index beyond 12500.
thank you
  • DOW 30 minutes chart shows inverted head and shoulders break out.
  • TARGET for this break out is around 10470 region


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore