Dow Monthly Chart

Discussion in 'Stocks' started by DannyBly1, Nov 25, 2011.

  1. Interesting to take a look at the Dow chart with a long term perspective, in this case the monthly chart going back to 2007. The 38% retracement of the swing low to high appears to have come into play at 10,482, and beneath it lies the 50% retracement at 9,767 and the nearby 200 period SMA.

    [​IMG]

    Chart courtesy of Worden