This looks quite bearish on the charts now. We'll keep our eyes on this one to see if it can hold up within the downward channel or if it breaks to the downside like the RUT.
DOW Daily Chart:
Tuesday, January 8, 2008
DOW: The Downtrend is On
In recent days, the DOW has broke down below it's longer term uptrend line and today broke below the intermediate sideways channel.
This looks quite bearish on the charts now. We'll keep our eyes on this one to see if it can hold up within the downward channel or if it breaks to the downside like the RUT.
DOW Daily Chart:
This looks quite bearish on the charts now. We'll keep our eyes on this one to see if it can hold up within the downward channel or if it breaks to the downside like the RUT.
DOW Daily Chart:
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