thursday up down and sideways, page-2

ninelives,
If you believe the first chart, the Dow is probably forming a bullish descending wedge.



If you look for a close up of the current action, Short term you would want to short it against the upper red line, with a stop on the other side, and a target of the red Median Line. Volume dropped on all the up days and increased on the down day. Although price is above EMA8, it looks like an 8/41 back test to me