Thread: Dow support

The Dow resumed its strong up-trend to close Friday 12342.56, DJUSTS {DJ Transportation Index} closed at 193.73 approaching the test of resistance in May high 201.54, GSPTRN {S-P 500 Tansportation Index} closed at 276.26 approaching the test of resistance in May high 290.25

Dow currently 12280 low holiday volume last week needs to score 80 points to resume the up trend.

Dow transportation index DJUSTS 193.79 SP 500 transportation index 274.87

Originally Posted by mayday

Dow currently 12280 low holiday volume last week needs to score 80 points to resume the up trend.

Looks like we need 229 points to resume this up trend. Took a little air out of this balloon just hope it do'nt pop.

Looks like we need 144 points to resume this up trend Dow at 12226.73 Maybe we get the rest tommorrow.

Originally Posted by Birchtree

The Dow all-time high is 11,722.98 achiedved in Jan'00. We have been building a base for the last 2.5 years to blow through this overhead resistance. Look for Dow 12,600 by the end of the year.

I just wanted to post this prediction that Birch made 9/14/06 Looks like the dow will be very close to this today. Way to go Birchtree.