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DJ30 Dailys

MarkGrav posted on 09/24/08 at 12:30 AM

Out of brief glimpses on the daily charts. Trade at your own risk! Crows abound!

MCD: Rolling over - Three Black Crows
GM: Compressing
CAT: Three Black Crows - failed rally.
AXP: Trading range since July
HPQ: Expanding uptrend
HD: Rolled over - Three Black Crows
GE: Rolled Over - Three Black Crows
IBM: Double top and broke the 200-day MA.
VZ: In freefall.
BA: Broke early Aug. support - freefall.
DIS: higher highs/Higher lows.
DD: higher highs/Higher lows.
CVX: Hit it's head on the 200-day. likely to fall to support.
JPM: Ugly
AA: Downtrend since June. Bottom is...low 23's.
C: Financials - Pass
T: Downtrend since June
PG: Three black Crows reversal
XOM: Compressing
UTX: Near support
WMT: Rolled over - Three Black Crows
INTC: Double Top May/Aug.
KO: Support @ 49.50's.
MRK: Downtrend since early '08.
JNJ: Rolled over - at support now.
PFE: Bounced off support.
MMM: Compressing
MSFT: Downtrend since late '07.
BAC: Financials - Pass
KFT: Higher highs/Higher Lows.

Not a whole lot to look forward to individually...Probably see that coward DavidDT jump in here at amy moment...

Edited by MarkGrav at 09/25/08 at 07:07 AM
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Posted by MarkGrav on 09/24/08 at 12:30 AM

Tag It | 1 user tagged it: DJ30

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DavidDT Trading-to-Win.com

Member since: Jan 08
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Age: 40's
http://www.trading-to-win.blogspot.com/, CT
DavidDT Trading-to-Win.com
Posted September 24, 2008 (04:58PM)

"HD: Rolled over - Three Black Crows"

HD is a BUY now

"INTC: Double Top May/Aug" - confused, I thought it was September ( and SMH is bullish)

and

"DJ30 Opportunities

posted 09/23/08 07:24 AM | Viewed 35 times

Based on technicals:

C" - that was a GREAT trade...too bad you did not say long or short.

Glad to see that the number of skilled articulate traders here is growing

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