06th-April-2011–Pattern Study–DJIA

Ticker:

 

1. DJIA

 

Topic:

 

1. Testing the top for the 2nd time.

 

Lesson Learnt:

 

1. Will not be surprised to see it retesting the 12,000 point.
2. Many indicators (volume, MACD and etc) are actually showing weakness. Expect to have at least a temporary downturn of this index.
3. Once the 12,500 point is broken to the upside, expect to see crazy BULL run.

 

Intraday Chart

Historical Chart