Similar resistance above for the Dow Transportation and Utilities Index. Curious thing about these two is the Right-Angled and Descending Broadening formations taking shape (a bullish pattern).
Sunday, November 15, 2009
Chart for the Week
Looking ahead this week it will be very interesting to watch the Dow Jones Industrial Average and how it will deal with the confluence of overhead resistance.
Similar resistance above for the Dow Transportation and Utilities Index. Curious thing about these two is the Right-Angled and Descending Broadening formations taking shape (a bullish pattern).
Similar resistance above for the Dow Transportation and Utilities Index. Curious thing about these two is the Right-Angled and Descending Broadening formations taking shape (a bullish pattern).
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