January 08, 2004

Dow Reaches Up

Check out the Dow chart below, complete with a downward price channel and a line of resistance at 11,000. If the Dow breaches 11,000...will it hold it? And if it cant' hold it, it's a long way back down to the falling price channel of the bear market. Puts would be in order... djia.bmp P.S. sorry that not all the charts are showing up in your web browser. My photo editor only supports bitmap files, not gifs or jpegs...and I suspect that because they're larger files...blogger won't display them, but will link to them. I'll try and fix it up back at the hotel later. Until then, endeavor to persevere.


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