Where is the Dow and Mothers heading in 2006?

[baifriend]

The triangle failed to break up. It pulled back to form a rectangle. :-D

 

[baifriend]

actually, in a longer view, it is still a triangle, but very shallow.

 

[solentsurfer]

actually, in a longer view, it is still a triangle, but very shallow.

It does depend on your timeframe. Since last Friday, the Dow's been in a very clear channel, moving steadily up. Based on the confines of that channel, any strong move above 11270 or below 11190 could indicate the significant move we've been waiting for - wouldn't like to call it but we've still had some nice intraday day moves for short term trades which have been relatively easy to pick up 30 pts from.

May see some action at 1.30 from the non-pharms but I'm surprised how flat the pre market activity is.

 

[Pat494]

I'm looking for a bounce Monday pre-market opening.