djia : critical support at 11714

DJIA : Critical Support at 11714

 Normal Lower Limits : 11020 - 11396 - 11403
Mid-Point References : 11455 - 11813 - 11822

Monthly Cycle Pivot Centers: 11889 - 12230 - 12241

Mid-Point References : 12323 - 12647 - 12660
Normal Upper Limits : 12758 - 13063 - 13079


 Normal Lower Limits : 10996 - 11070 - 11106
Mid-Point References : 11455 - 11457 - 11584

Weekly Cycle Pivot Center : (11844) - (11913) - (12062)

Mid-Point References : 12231 - 12372 - 12540
Normal Upper Limits : 12618 - 12830 - 13018


Weekly Cycle Projected Series : ... 11070 - 11199* - 11328 - 11393 // 11457* - 11522 - 11586 - 11651 - 11715* - 11780 - [11844] - 11909 - 11973* - 12038 - 12102 - 12167 - 12231* // 12296 - 12360 - 12489* - 12618 ...

Weekly Cycle Congested Area : (10517 - 10960 - 11402 - 11844 - 12286 - 12729 - 13171)


Remarks : In the last session the market was able to find some support around 11822. The market is unstable when it is below the monthly cycle pivot center at 11889. Speculative selling pressure will increase when the market is trading below the monthly cycle projected chart point at 11744 as shown in the monthly cycle charts. On the other hand the market is stable when it is consolidating within the weekly cycle pivot centers at (11844) - (11913) - (12062). Speculative buying interest will increase when the market is able to trade above the weekly cycle pivot center at (12062).


DJIA : Monthly Cycle Charts
http://www.qindex.com/djia.html
Albert Cheung (Ph. D.)