Saturday, December 13, 2008

The Top DOW Approach

This being a Saturday, I suppose it is timely to review through one major Index from the top down approach....starting with Monthly (macro view), Monthly(slightly more micro view), Weekly and finally Daily Chart of the DJIA

The purpose is to form a Technical opinion on how to trade this index going forward 4 weeks.

DJIA - 20 Year Monthly Chart (Macro View)


DJIA - Monthly Chart (Micro View)


DJIA - Weekly Chart



DJIA - Daily Chart



And so, what can we conclude ? :) How should trade given the technical perspective (with a gigantic assumption that they are correct, in the first place)

Your thoughts, please....thanks.

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