Dow 13/08/01


Legendary member
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...


  • dow130801.gif
    14.3 KB · Views: 333
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks