Friday, March 19, 2010

DJIA short-term

Below is the 5 minute view of the DJIA.  Noteworthy is the Trend SELL signal, the impulsive nature of the decline (compare with previous decline on left side of chart) and the ABC correction over the past few bars.  If the low is taken out impulsively later on today, I expect longer-term Sell Signals on my longer-term models.  Subscribers should be watching their Key Reversal Levels.



DJIA 5 minute