Friday, September 10, 2010

9/10 2:00

DJ futures are chopping higher as the close draws nearer, finding support at the 30-minute M/A.


Jack commented on his work on intersecting trendlines.  His conclusion is that breaking 9950 will kill the camel.  I agree and post the following showing the trendline off the 2009 low as well as a reliable M/A, the 335-day. Currently the M/A is at 9,975, so breaking 9,920 ought to kick off fireworks.
I'll post a chart of Jack's intersecting trendlines next post.
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1 comment:

  1. AnonymousSeptember 10, 2010 at 12:00 PM

    Steve

    There is one more major trend line that runs from the 1987 lows and through the March 2009 lows. I am calling that line my projected bottom trend line to the 11/19 I1 bottom date. My prediction at I1 bottom 11/19 is DJIA 6800 to 7000. Target

    Jack C

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