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The DIA also showing breaking below the current bull channels:
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Tuesday, May 13, 2008
DIA - S&P (60 day - 60 min)
As you can see by this 60-Day 60-min chart the S&P 500 is tracking the channels well and clinging to the the 50% channel line. 1420 is the 50% retracement line and could very well be the shorts last stand. But if it fails to convicingly trade above 1420 the higher highs and higher lows of this latest bull run will be restested.
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The DIA also showing breaking below the current bull channels:
The DIA also showing breaking below the current bull channels:
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