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Friday, July 3, 2009

ProphetCharts: $INDU


This is a Support/resistance Zone Study for the past Quarter of the Dow (white)/ Naz (blu) / S&P (green) percent comparison.
What we are seeing here is the Dow has droped back down into the April Range on Thursday for the 7th time and is headed to the lower Fib fan line. The S&P is in the caution zone and headed to the lower end of the caution zone and lower prespective fan line. The Naz is holding up above the safe zone and sitting on it's fib line. The momentum and weight of the Dow and S&P need to reverse to the up side next week or all three markets could end up below the support zone buy the end of July


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