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Commodity Trading Discussion Forum

DJIA : Critical Resistance at 12922*

Posted By: Qindex
Date: Sunday, 11 May 2008, at 1:05 a.m.

DJIA : Critical Resistance at 12922*

Remarks : As shown in the monthly cycle charts the market is trading within the range of 12642 - 12914. In the last session the market was able to pick up support at 12640 and it closed at 12746. The monthly cycle congested area indicates that the market has potential to trade within 12778* - 13244. The weekly cycle analysis indicates that the market is stable when it is able to consolidate within the weekly cycle pivot centers at (12740) - (12922*) - (12965). Speculative buying interest will increase when the market is able to trade above the weekly cycle pivot center at (12965).

Normal Lower Limits : 11842 - 11951 - 12186*
Lower Mid-Point References : 12346 - 12403 - 12554*
Weekly Cycle Pivot Centers : (12740) - (12922*) - (12965)
Upper Mid-Point References : 13135 - 13290* - 13526
Normal Upper Limits : 13529 - 13659* - 14087

Weekly Cycle Congested Area : 11660 - 12080 - (12501* - 12922* - 13343) - 13764 - 14185

DJIA : Monthly Cycle Charts
http://www.qindex.com/djia.html
Albert Cheung (Ph. D.)

DJIA : Monthly Cycle Charts

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