Speaking of other indices..... TNA looking to put in a base at the bottom of the range, still too early to tell, though I'm already long :eek:
when rising market looks for sellers,usually at resistance, when dropping it looks for buyers, usually at support,it shows supp lower so for this to be a low,you would need supp in transports or spx or nasdaq or some of the currencies,but for dow alone support is much lower so buyers here are likely not going to be in large numbers and not likely to tag the low when it does get there you need to see demand/buyers ,or it's not support
thnx. i'll pull all these after mrkt close today. i don't use any lines, indicators etc, i trade off my sentiment so i look forward to objective analysis.
we are barnacles on a large ship,market is the ship , we follow ,nice to know where all the ports are that the ship may pull into