Change font size: Switch to default font size Switch to medium font size Switch to large font size

  Global Indexing and ETFs
Scottsdale, AZ
December 7-9, 2014
  William F. Sharpe Indexing Achievement Awards
Scottsdale, AZ
December 8, 2014
  21st Annual Beneficial Owners' International Securities Lending & Collateral Management Conference
San Francisco, CA
January 26-28, 2015
  21st Annual Alpha Hedge East
Palm Beach Gardens, FL
March 2-3, 2015
  21st Annual Alpha Hedge West
San Francisco, CA
September 27-29, 2015
Main Website >>Investment Management / Alternative Investment >>Blog >> Saved by the DOW
<< Back to Blog
Email/Share:

Bill Carrigan, Founder, GETTINGTECHNICAL.COM

Saved by the DOW
Wednesday, September 28 2011 | 05:02 PM
Bill Carrigan
Founder, GETTINGTECHNICAL.COM

First the bad news: The big technical test is for the August 8 lows to hold – see the inter-day DOW chart below. The August 8 low is Dow 10604 and so at 10680 we are at the tipping point. Can we recover from here? See the breadth observation below



Now the good news – so far The Dow internals (breadth) are today in better shape than back in August 8 At quick look at the Dow 30 components and counting how many are above or below their relative August 8 lows As of 2.50 pm September 22, 2011 – I count only 8 (eight) components trading under their relative August 8 lows. The symbols: AA, BAC, CAT, DD, HPQ, JPM, MMM and TRV - Total 8 - All the rest, a total of 22 (twenty two) components are above their respective August 8 lows



Visit My Website!
0 Comment | Add Comment(s)


<< Back to Blog
Email/Share:

Leave a Comment

To make comments, please Sign-In