DOW

im surprised that no ones mentioned this today.
This is currently broken above the short term down trend line and symmetrical triangle.
if this finishes above that line then this will head towards the recent highs at 13600.
As can be seen from the chart below the dow has had a nice Christmas rally. nearly 900 points up since the start of this rally.
The dow is my favourite index as technical are easy to read.



DYOR

does anyone see any thing interesting about the breakout and finish above the symmetrical triangle?????????what it could imply

Hi Remo

I was going to stick my neck out here but I am a bit stuck. I hope your are not going to say an emerging head and shoulders position! What I can see is that 13300 will be a strong level of support (if it ceases to be resistance). I anticipate you are probably talking about waves and the like which I haven't got to grips with yet.

Dejavu

remo wrote: does anyone see any thing interesting about the breakout and finish above the symmetrical triangle?????????what it could imply

It's the first wave of 5 up to 14000

Ok I have no idea.

It's the target I was referring to. It just so happens to be the dows all time high.
14200ish
Sorry for being so cryptic . Was seeing if anyone else saw the same thing.Its quite amazing how targets seems to be headed for known resistances most of the time.
Dyor