13/10/2011

The big and small picture for the Dow now.

Only the 2 hr trend is down because the 8 MA has turned down and the Dow has put a bar below the low channel line.

The daily trend is up and has very strong support now at 11.119. A cross on upside will occur  Friday between the both rising MA:s 8 days and 21 days, confirming the daily uptrend.

The weekly trend is up because the 8 week MA is up at 11.157. The falling 21 week MA is down and should stop a further upside move, now at 11.705.

The monthly trend is sideways but the falling 8 MA will stop any trial on upside, now at 12.029.

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