Thursday, August 07, 2008

Resistance Continues To Hold In The Dow



The Dow Jones Industrials was down sharply today on good volume after testing a major resistance level yesterday at the 11700 area. I think in order for the bulls to take control of this market the dow would have to post a close above the 11700 band of resistance. Until then the trend for the Dow Jones Industrials remains down.

6 comments:

the stock market said...

ok. I found an information here that i want to look for.

stock market report said...

im your favorite reader here!

stakeholder said...

Bet there is a lot of competition for you. I don't sign in here much...but read Kev's blog daily hoping to find new nuggets.

The best financial outlook blog on the net.

hayfro said...

Kevin, came across your blog through Wall St Warrior. You're ability to keep things simple in your analysis is why I like this site. Wanna exchange links?

www.zentrader.ca

Keep up the good work.

Steve said...

I think we got that close you were looking for, Kevin.

Gunn Slinger said...

I agree, Kevin's blog and Gary over at the Smart Money Tracker blog are two of the best.

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