Thursday, January 1, 2009
Dow Jones Industrial Average - yearly uptrend intact
Did a yearly chart for Dow.
Interestingly, It is still on an uptrend, though this 2008 downbar is the longest in Dow history.
The 7400 mark hasn't been broken.
However, it has been hit 3 times.
The next time when it hits again, it is likely to be broken.
To remain uptrend, 2009's low has to be supported at around 7739.
Second support is around 7400.
Third support is 7197.49.
After that no eyes see liao. :(
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