dow, page-39

sorry folks, my last post was a bit squwiffy. Lines on daily charts are sometimes a bit inaccurate and I'm not paying too much attention right now. Stop that michelle, ogh god marianne! lol

Anyway, on the more accurate hourly chart its clear that the uptrend line is now resistance at 5030, as is the static support/res line at 5018. Of course there's also support at 5010 but that was too obvious to mention. I suspect the 5018 level is the most important play of the day. So now xjo is sandwiched between support and resistance in a very tight range, and unless we just hang about here all day something will give. I suspect it will be to the downside but as said before, I'm waiting atm. I'm currently out of all daytrades and swing positions.

cheers! now michelle where were we? oh, that swing position... lol