bluesdog's - for the little fellow friday, page-19

DJIA,

Closed High,Spread widened, but volume decreased. So participation in the rise falling off compared to the last 2 days so an element of no demand, but the wide spread and high close don't let us short it just yet (or it would be presumptuous to anyway), Certainly the hard drive down and bounce has sucked out the sellers at least temporarily a bit and created an imbalance of supply and demand thats allowed it to cut through quite easily so it will be interesting to see how our market reads it and how the Dow handles some real resistance/supply levels looming just a little up above.
Resistance at 11240 and 11440 taken from the highs of our high volume bars at August 8 & 9.
Also if we connect the highs from Sept 20 then we are banging our head right on the line where we are.

I will save the DJIA Latin version for Zoomba and I may have to restrict it to the weekend from now on unless I feel a surge of inspiration during the week - Its very fun but I want to keep it that way because it can be hard slog.

Blue - Hope all is well with Mum and Bub