Tuesday, September 22, 2009

The Dow is having issues

This rising wedge is not getting follow through for the dow (not the Nasdaq 100)...

Check this chart of the Dow...this may or may not get a test of the upper trendline...watch both of them as the dow is showing relative weakness. If it gets strength it mat try for the upper trendline...otherwise the lower trendline is calling. Also, watch for the stochastics to cross under 80.

© 2009 m3, ltd. All rights reserved.