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plexxus

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plexxus

Re: ajtj99 post# 106504

Tuesday, 08/14/2007 8:26:12 PM

Tuesday, August 14, 2007 8:26:12 PM

Post# of 148479
Hi AJ,

You make a good point but at this rate that handle could flush out sooner than later. We'll have to see how things go in the coming month or two. Tends to align well with our poor seasonality into September/October as well.

Some pretty good 1 year trendline breaks on many key indices today with MACD's still trending lower. The Dow also took out that neckline today with first support around 12,800. If that pattern runs true it projects to 12,200ish give/take. RSI looks like its got some room here until it gets into that sub 30 area.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p54063790748&a=...

As always time will tell the tale.
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