DOW

Amo wrote: Hi Remo,

Is 13860 still a key closing level for the DOW?

Thanks
Amo

Yep. Its the key to bigger falls.
Thats at the bottom of the trading range
1 hour chart is below so as you can see the trading range more clearly


If the dow finishes below 13860 then look for a 160 point drop at least.
Thats roughly the size of the trading range.

The levels to watch are
up above 14025
down below 13860

A close above or below these levels should go in that direction.

dyor

Hi Remo,

Is 13860 still a key closing level for the DOW?

Thanks
Amo

There is some negative divergence on the daily. Cant post chart, still at work.

It does look like its coming doesn't it?

4 hour chart attached.

A break above 14020 could take this to the magic 14198?

dl.dropbox.com/u/4385922/dow12.png

The level to watch today is 13860 .
But if you look at the hourly chart you can see that there is a wedge pattern and if it breaks out past
13880 then that may give you an early entry.
if the dow finishes below 13860 then i would expect this to go lower.




dyor