Tuesday, July 14, 2009

Stocks Test Resistance



As you can see in the above chart the Dow Jones Industrials are now testing a resistance line. As long as stocks continue to make lower highs and lower lows the intermediate term trend is down. A move above the July 2nd high would negate the bearish outlook.

Posted by Kevin

1 comment:

dacian said...

resistance line broken to the upside, waiting for day close...

quite difficult market (a mass of jelly actually).

thanks for the new post

2:10 PM

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites