DOW Update


This is a DOW update to yesterday’s post.

Price action over the next few days will become very important in determining the condition of the American Stock Market over the following weeks and months. What do I mean by this? . . .

dowThe price weakness detected in the Dow Jones Industrial Average (DJIA) and shown on our previous post will hold only if prices over the next two days stay below 17,920.

Should prices surge upwards above this price resistance point either tomorrow or Friday, then, momentum will have been regained at a critical point and a resumption of the previous long-term uptrend will be likely to continue.

This will require some strong buying to accomplish, but, is still possible. – George