Weekly Commentary Charts through July 18th 2008

Here are a few charts that caught my eye.  The first is from the
Trading Godess site.  It is from a post called, “Did someone ring a bell.”  It shows
that a break above the downtrend, on volume, with MACD turning up.  In
other words, it has the makings of a decent long set-up.

080718 DIA from Trading Goddess

On the other hand Phil Erlanger had this chart, which shows that
the Dow has re-traced 50% of the move off its 2003 lows, but that it
might have a little more to go.

080718 DOW from Erlanger

Comments

One response to “Weekly Commentary Charts through July 18th 2008”

  1. Trading Goddess Avatar

    Thank you for the mention. It is appreciated!
    🙂

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