DJIA : Resistance at 12393
Normal Lower Limits : 11790 - 11857 - 11883
Mid-Point References : 11455 - 11813 - 11822
Monthly Cycle Pivot Centers: 11889 - 12230 - 12241
Mid-Point References : 12323 - 12647 - 12660
Normal Upper Limits : 13243 - 13515 - 13536
Weekly Cycle Pivot Center : (12209) - (12231) - (12476)
Normal Lower Limits : 11198 - 11478 - 11679
Normal Upper Limits : 12939 - 13265 - 13274
Weekly Cycle Projected Series : ... 11478 - 11600* - 11722 - 11783 // 11843* - 11904 - 11965 - 12026 - 12087* - 12148 - [12209] - 12269 - 12330* - 12391 - 12452 - 12513 - 12574* // 12634 - 12695 - 12817* - 12939 ...
Weekly Cycle Congested Area : (10957 - 11374 - 11791 - 12209 - 12626 - 13043 - 13460)
Remarks : The weekly cycle congested area indicates that the market has a tendency to trade between 11791 - 12209 - 12626. The market may be able to tackle the upper barrier of the weekly cycle projected series at 12574* // 12634 if it can overcome a projected resistant point at 12393. In the mean time the market is going to consolidate within the weekly cycle pivot centers at (12209) - (12231) - (12476). Speculative selling pressure will increase when the market is trading below the weekly cycle center at (12209) .
DJIA : Monthly Cycle Charts
http://www.qindex.com/djia.html
Albert Cheung (Ph. D.)
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djia : resistance at 12393
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Change
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