Dow Jones Daily Chart update

Dow Jones Daily Chart update

It seems many investors are nervous right now, and the Dow Jones Daily Chart in the last few days has technically breached a significant RISING SUPPORT line that has been in place since the start of JANUARY 2013. (see below)

We have actually seen 4 consecutive days of selling on the market now, something we have not seen for several months.

Dow Jones Daily Chart update

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Nasdaq Weekly Chart - The Nasdaq weekly chart

Nasdaq Weekly Chart

If we have a look at the Nasdaq Weekly Chart we can see just how amazing it is.

Now for those out there that do not know the different between bullish or bearish.

Bullish = When you see a chart go from bottom left to the top right that is bullish. 

Bearish = When you see a chart go from top left to bottom right that is bearish. 

The Nasdaq Weekly Chart is still showing us the bulls are in control.

Since 2009 we have not broken the fantastic rising support line seen below.

nasdaq weekly chart

No matter what the pundits out there are saying, this chart is bullish. Now I am not saying we will not see some dips, and maybe even some gigantic dips, but do not be surprised if we finish alot higher by the end of 2013. :-)


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