Monday, January 16, 2012

16th Jan 2012 – Pattern Study - DJIA

Ticker:

 

  1. DJIA

 

Topic:

 

  1. How is DJIA?!

 

Lesson Learnt:

 

  1. I am starting to switch to FreeStockChart.com but I think I will still setup Quote Tracker back to my pc some time this week.
  2. Monthly chart shows that DJIA has peak. Now facing resistance from the down trend line. Will it be powerful enough to overtake the resistance? Let's see.
  3. Secondary indicators are intraday and historical charts are also showing weakness.
  4. Intraday chart shows that value has started to dropped below the 20MA and 50MA lines.
  5. Be ready for retracement!

 

Intraday Chart

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Historical Chart

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