Monday, December 7, 2009

12/7 - Dow and RUT








Here's my take on the Dow.

Price has broken out of the red channel and is now respecting the lower trendline. On 12/4 the Dow hit an intraday high of 10516.70, approximately 200 points over the 50% retracement of the decline since October 2007.

As for the RUT, I made a slight adjustment to the labels. I have subminuette iv completing today with subminuette v on tap to complete the Ending Diagonal for minuette (c).

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