Daytraders Still Do Exist

[Hoover]

$indu / djia P&F

Dow Jones (DJIA) The trend chart of Dow Jones shows the index is in a downtrend, or trading below the Bearish Resistance Line. The most recent pattern was a Double Bottom at 8200.000 on 09/17/2002. The index's trend chart is currently in a column of O's. The weekly distribution puts the index on the oversold side by -58.1% The mid range of the distribution is at 8500.16. The weekly momentum turned negative on 09/13/2002 indicating short term weakness.

7733.20 8196.79 8660.38


Weekly Distribution Table
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7094.47 8500.16 9905.84


Momentums Period Status Cross point
Daily Negative
11 Days 8159.99
Weekly Negative
2 Weeks 8774.74
Monthly Negative
4 Months 10500.56