Monday, December 01, 2008 3:12:15 PM
Hmm, this is kinda interesting. If this wedge hits support again, I may just go whole hog. (you'll have to ask OP what whole hog means, as he's from Tennessee and he's gotta know)
If the resistance on the wedge breaks up, I think the 200 day ema/sma is the target. Perhaps that resistance line I have drawn as well, but I think they'll both be similar once we get there.
EDIT: Don't let the indicator divergences go unnoticed.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p44556070875&a=6498766&listNum=1
If the resistance on the wedge breaks up, I think the 200 day ema/sma is the target. Perhaps that resistance line I have drawn as well, but I think they'll both be similar once we get there.
EDIT: Don't let the indicator divergences go unnoticed.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p44556070875&a=6498766&listNum=1
GT
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