xjo weekend zoomba lounge, page-121

Not much to add on the DJIA, Barnsty and Funkymonk have pretty much summed it up.

A confluence of sma's is a powerful thing, and when coinciding with fib levels, even more so.

We have the 25 (blue), 50 (yellow)and 500 (aqua) more or less together.

The index had its high close on Thursday hitting the 500 and 25. Last night it tried to reach above, but hit the 50 and retreated.

On fibs, hit the 38.2% Sept high/sept low, and close enough to 61.8% of the move down.

There is a possible breakout in the very short-term trendline, but the selloff there is not encouraging.

Depending on which parameters you use, no breakout in the stochastic or RSI.

So, a few powerfull days down, a lower low even, would signal the start of the REAL rally, not the three-day wonders we've been seeing.