Dow 20/08/01

ChartMan

Legendary member
5,580 46
Against the odds,we had an up day today, albeit just 80 points.A quick gap up to 300, followed by a bounce off support at 260, and a slow rise to finish at 320.A continued rise tomorrow leads us on to take another look at the possibility of the triangle breakout mentioned last week. Slim chance, but none the less, a chance.Breakout value is currently 10,460, and projects forwards 5 days to a value of 10,360 or so.
Interesting to note the double bottom tail, again led to an up day.....Worth looking back into the archives for more occurances and see if there may be a rule...
 

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