Hi guys! The last time I presented to you my analysis on the chart of the Dow Jones Industrial Average or ^DJI was more than a week ago (kindly see it here). During that time, I was keen on expecting the index to drop as a breakdown from a head and shoulders took place. However, I was wrong. Like in my weekend wrap-up on the FTSE 100 which I posted earlier (kindly see it here), they both failed to fully break below the neckline of the head and shoulders formation as a rebound took place a couple of days after. As a result, there is now bullish formation that could be setting up which is the falling wedge and could take over the limelight on both the US and UK’s major stock indices. If the ^DJI breaks above the resistance of the possible falling wedge formation, not only does it confirm the bullish area pattern, it could also aim for the 10,627.20 price mark. Getting past the 10,627.20 level could make way to the next resistance at 10,952.80. On the downside, if a slippage takes place on the Dow Jones Industrial Average, the 1-year uptrend could serve as the current support. If the uptrend couldn’t hold on to the value from further dropping, the 9,596.04 support probably could.
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Well, truth could potentially benefit the giver, like if any gave a Klik!
I always encourage people on sites like Daneric (we are on their blog roll and that is a big honor), and Slope of Hope (we are a listed contributor to articles, and, duh, that is a big honor), and Zerohedge (we have been published on Zerohedge, and super duh, massive honor, thanks to dnarby who suggested I submit an article to them)…I encourage them to klik some adz, visit some sponzers!
Nice VIX chart. Also full moon soon, that does cause earthquakes. I am not sure why “scientists” deny that, it is a no-brainer. Maybe they don’t want to scare the sheep. Incredible amount of earthquake still occurring in Japan, and they at Fukushima moved their generators to higher ground, they do have scientists in Japan that can predict earthquakes pretty well, I wonder if something is up.
Silver Fractals
Short term VIX
Chart are here
oahutrading.blogspot.com/2011/04/truth-benefits-recipient-not-giver-vix.html
FF, ACT, PRS, VOS, ES breakout? all the usual suspects. Enjoy
oahutrading.blogspot.com/