DOW 0.74% $5.40 downer edi limited

in a fight for it's very life ... part two, page-29

  1. 5,822 Posts.
    re: finger on the trigger ... Hmmm ... the consolidation built the major support level at 10200 creating the LONG entry nearly a month ago now.

    Finger on the trigger to take LONG profits at trendline 10600 ... noting again the triple-top at 10700 also.

    Christmas and an outgoing Greenspan should provide upside momentum but we remain sceptical and tight stops.

    Also worth remembering the DOW is just a number ... the bulls roared in Mar05 as 11000 plus was breached again but were silently dependent on a PPT skyhook a month later to head off oblivion.




    Cheers ... apologies for the size of the chart.


    This is only my view ... read the red stuff.
 
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