If the timing of the Dow Jones’ recent price changes had not fallen on a weekend (when I post my index chart series) I would’ve posted this chart out of cycle in the middle of the week as I did when the same indicators called the S&P 500 bottom two months ago. It’s that big! Back then…
Tag: $DJI
2 DJIA Charts – Ending April 24, 2009
Today I’m posting two views of the Dow Jones ($DJI) chart. One is for the past six months and the other is only for the past one month. On the six month chart I attempted to draw the same trend lines as I did two weeks ago with my April 9th Dow Jones Chart. I…
Dow Jones Chart ($DJI) – March 27, 2009
The Dow Jones Industrial Average (aka DJIA or $DJI) finally found resistance on its chart this week. As luck would have it (that’s sarcasm), it just happened to top out around the 8,000 range that was support in October 2008, briefly in November 2008, January 2009 and briefly in February 2009. The observation that it’s a nice round “triple…
DJIA Chart – December 5, 2008
The Dow Jones Chart ($DJI) I drew ending on Friday shows two big trend lines about to meet. This means one of the trend lines will have to break and whichever side gives should lead to a decent sized move in that direction. A couple of weeks ago as part of my November 21st Dow…
Dow Jones Chart – November 21, 2008
This was the worst weeks I’ve ever felt as an investor. I came back to the Dow Jones ($DJI) Chart again this week because it’s interesting to see where it’s been and consider where it could be going based on technicals. I have a hard time thinking I know anything based on fundamentals since so…
Dow Jones Chart ($DJI) – August 15, 2008
I charted the DJIA (previously $INDU) again today. I was actually surprised to see the chart show it looks like we have some bullish room to run still. The latest trading channel shows the DJIA is near its trend line of higher lows. 12,000 is the big question mark for this chart. It was a…
Dow Jones ($DJI) Chart – July 3, 2008
The Dow Jones Industrial Average (ticker: $DJI) hasn’t recovered since I wrote about the trend line break two week ago. In fact a second break occurred on June 26th and now the old support level (floor) is acting as a ceiling as the downward trend continues. The DJIA’s 10, 20, 50, 100 and even its 200…
Dow Jones ($DJI) Chart – June 20, 2008
When I first charted the Dow Jones Industrial Average, aka DJIA (ticker: $DJI) this morning I looked at the three month daily chart to see how bad the short term looked. I missed charting last week, but would have pointed out the trend line of lower highs would need to break before I turned more bullish…
Dow Jones ($DJI) Chart – June 6, 2008
I left the day on Friday thinking we had a long rough road coming for this market. Now I’m not sure since I charted the Dow Jones Industrial Average (aka DJIA and ticker $DJI). The DJIA closed the week at the point of two trend lines that could offer some support. Aside from the lines that…