Dow 13/08/01

ChartMan

Legendary member
5,580 46
Not a lot of movement today. Just like a UK stock, watching paint dry.The small spurt up to 440 was to break the boredom I think.Still, we didnt lose 360/400 today.
Tomorrow is a different story, though.I see the high as the peak of a head and shoulders, taking us back to 380 where much of today was spent.I wouldn't be surprised if we test 370 support , or worse still, look at the old downtrend support line at 350. Although the intraday chart looks reasonable, the 15 min chart has significant negative divergence, indicating down from here.
Let's hope 353 stays intact...
 

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