around 11680 DOW CMC (weekly) seems to be the battle ground...at...

around 11680 DOW CMC (weekly) seems to be the battle ground...
at least to me

1. it was the 2000 weekly high
2. it provided more resistance in may 2006 before it was finally broken in sep 2006
3. We bounced hard off it in March this year when things went pearshaped
4. now after crashing down through it we're creating a multi week resistance to the level

we need to get up above it and test it from above (would have been nice if we had been ranging above the level and using it as resistance)

we'll probably get the opp this week....lehman bros will no doubt be short term good news....but will we be able to hold above 11680?...we have the 200WMA menacing around 11760 and the top of the daily bol around 11700

if we don't get up through now its going to be twice as hard further down the track