Friday, February 12, 2010

DJIA Daily Trading Model

Here is my Daily Trend Model for the DJIA.  Esoteric analysis aside, the simple fact is that for the past week the  DJIA has been in a small rally within an established downtrend.  This rally either continues and will flip the trend model bullish, or it has run its course, in which case the downtrend will be reasserting itself.  In either case, this resolution should provide our financial headlines going into the next few weeks and maybe months.

DJIA Daily Trend Model

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