Here is a chart of the Dow with my trend lines in it looks to me like we could start a nice strong trend up to 10800, what do you legends think about that then!!
I also see a third resistance line it's just broken, and also the cup & handle. BUT, this could also be seen by some large volume traders as an excellent time to unload into strength, to fade. If I had a big DOG to unload, now would be the time.
Dearest Brother wwatson1, It is with the utmost of pleasure that I note your active and interesting contributions. It makes me proud to call you my Brother. As ever, and with love, Candle
You are not technically right until a donward test of your up line. If the index test the line then turns up above the high, from which it came to test the line, then you are correct. However if the line fails you will have fallen for the bear trap.