DOW

I've been looking for a way into the Dow and since it closed above the downtrend resistance I figured I'd go long on a backtest of the latest breakout point:



dl.dropbox.com/u/20815047/Dowdaily19_12_12.gif

Not sure if this will work out or whether it'll backtest the previous downtrend before rising further...

It's the target I was referring to. It just so happens to be the dows all time high.
14200ish
Sorry for being so cryptic . Was seeing if anyone else saw the same thing.Its quite amazing how targets seems to be headed for known resistances most of the time.
Dyor

remo wrote: does anyone see any thing interesting about the breakout and finish above the symmetrical triangle?????????what it could imply

It's the first wave of 5 up to 14000

Ok I have no idea.

Hi Remo

I was going to stick my neck out here but I am a bit stuck. I hope your are not going to say an emerging head and shoulders position! What I can see is that 13300 will be a strong level of support (if it ceases to be resistance). I anticipate you are probably talking about waves and the like which I haven't got to grips with yet.

Dejavu

does anyone see any thing interesting about the breakout and finish above the symmetrical triangle?????????what it could imply