Saturday, December 29, 2007
I've decided to post a weekly chart for both index as I thought that it's worth a look as a very distinct support line has been created in Dec 07 at about 13,332. From the sticks, the following week will make or break this support line, come next year. It's worth keeping watch.
Yet again, as with all index, volume is pathetically low. BB's are out!
From the daily chart, DJ since leaving it's latest trend has been trending sideways and now, it has created a resistance at about 13566. Howver it is still trading within it's trend, resting on support now. Will it break or not, I'm not sure but the volume is indeed low.
Somehow, there is also a trading support create within these few days, breaking the resistance but ended up closing on the resistance line. It has been proven itself stubborn of late and this, imo, showed that aspect again.
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