November 6, 2010

WEEKLY CHART
WEEKLY CHART
  • Dow Jones 30 weekly chart with  target level for next week.
  • First chart shows the confirmation of a weekly breakout with price closing above 11257 which was mentioned yesterday.
  • The second chart also shows a possible target for Dow Jones for next week. Target is 11750 were next weekly resistances are situated.

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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