charts for the scallywags, page-26

Careful with those shorts ewob,

DOW looks like it is attempting to jump over a potential resistance zone and absorb supply (have a look on the weekly).
That big upthrusty thing should have started working by now.
Wait to see if there is another primary sign of potential weakness.

LNC is similar, there is certainly supply present, but looks stronger than weaker.


I would rather wait and see if either of them fall off and break the important lows of the strong up bars, then if they attempt to rally again & bump their heads up against the resistance showing an upthrust or no demand.
Then take the short.

cheers