DOW

From the daily chart it seems that the DOW has been moving up within a channel since mid Nov 2012.

About a month ago I noted a hammer/long lower shadow candlestick pattern on the daily candle ( www.stocktradingfundamentals.com ... k_patterns) after a bit of pull. The DOW has since moved more than 800 points. Today there is a long upper shadow considered as a bearish signal, will that hold true????



www.dropbox.com/s/wfa6d5ujne3qk4h/DOW%20D%2020.05.12.png

dow updated Channel

dl.dropboxusercontent.com/u/40497882/dow_channel_may17v1.JPG

A few hours to go but if this finish's down will that be a shooting star at the top of the channel?

some charts to explain earlier comment....

dl.dropboxusercontent.com/u/40497882/dow_channel_may15v1.JPG
dl.dropboxusercontent.com/u/40497882/dow_5min_15may.JPG
dl.dropboxusercontent.com/u/40497882/dow_1min15may.JPG













rgds WS

if it goes back abv 274 area then up it goes, quick scalp plays

WaveSurfer wrote: hit the top of the channel and some more... also doji on 1 min and H&S, also inside bar 5 min.

dyor

hit the top of the channel and some more... also doji on 1 min and H&S, also inside bar 5 min.

dyor