Tuesday, July 17, 2007

DOW 14,000 & Fib Resistance

The DOW hit 14,000 intraday this morning and is in a 261.8% Fibonacci area right now. We'll need to watch and see if it takes a break to consolidate sideways and continue it's path upward or if it decides to pull back. Although overextended it technically still looks very strong.

DOW 15 Minute Chart (click for full screen chart)

No comments: