DOW danger zone- Just a prediction

Discussion in 'Trading' started by hajimow, Aug 28, 2013.

  1. hajimow

    hajimow

    I was checking YM's 6 months chart on August 20. I drew some lines and also drew a danger line which I believed if we hit that line, we should go much lower as it could be considered as a resistance line. Today I noticed that we hit that line. Let's see what happens. Remember I am talking about US general market and not a single stock. I have attached the chart taken on August 20 and the snapshot taken just now (8/28/13 1:00AM)
     
  2. hajimow

    hajimow

    This is today's chart.