Stock Incubator

[dalcindo]

Re: $INDU

Hi, RTN!

Agreed. This case makes for a good counter-technical argument, especially since a cup and handle, or W, formation is underway.

However, had I held a position in it, I would consider that the historical resistance in force for the past several weeks may likely trump a very short-term bullish development.

There are no right or wrong here, just statistical and evidence-based analysis.

Please, feel free to drop this chart going farward once this development breaks down the overhead resistance based on your charting. I'd like to see what the outcome is.

- Dalcindo