Friday, September 17, 2010

Battling The Bands Part 2

In my July 14 post, "Battling The Bands", I presented the DJIA annotated with two downward trending bands indicating a future downward trend in prices.  Below is an update.  We've slightly penetrated the upward band.  Are we breaking out or peaking and heading towards the bottom band?  I'm still thinking the latter. Here's an updated chart with conflicting bands.  One points up, the other down. We'll see. The run up to the elections will be full of excitement.
Dow Jones Industrial Average

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