Showing posts with label DJIA 100614. Show all posts
Showing posts with label DJIA 100614. Show all posts

Tuesday, June 15, 2010

DJIA Line Chart Half Diamond To Full Gem



The orange half diamond formation mentioned in the 6 June 2010 posting has been transformed into a sparkling gem . A breakout upwards will confirm a reversal diamond pattern. The upthrust will challenge the formidable moving average ribbon bands and will probably be halted by the red trendline.

Conversely, a breakdown below the orange diamomd support confirms a continuation pattern and will probably result in more downward declines. A drop below the blue trendline will test the lavender and the green horizontal support levels.

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