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can any kind soul post the chart here for in-depth analysis to share?thanks!
tact888 ( Date: 23-Jan-2010 01:41) Posted:
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Giant red rising wedge broken and closes slightly above 50% Fibonacci Retracement.
Further weakness will plummet DJIA towards the green major down trend resistance turned support line. Support failure here will mean more downside towards 38.2% Fibonacci Retracement.
However, if DJIA rebounds immediate resistance is the lower rising wedge support turned resistance line. A breakout here will challenge the previous peak at 10729.90 and continue its upward movement within the wedge again.
Stay alert and be nimble as DJIA Dolphin Flipping is most likely going to continue in the near term.
To view the chart use google to search for tact rising wedge