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[tommyt]

We did come down to the first real support level (13,300-400 oops)...and it bounced...it looks like we should build a right shoulder in August, then slam. I guess first we need to see the market contain sells for the next couple of days. One item of note, its been awhile, but margin selling could now creep back into the mkt after down days. Early liquidation to meet margin calls. Not a time to chase anything...the daytrading is gonna be good!

http://stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=2&mn=0&dy=0&i=t60666998434&r=8578.png

Edited by tommyt, 26 July 2007 - 11:10 PM.