DOW

A few hours to go but if this finish's down will that be a shooting star at the top of the channel?

dow updated Channel

dl.dropboxusercontent.com/u/40497882/dow_channel_may17v1.JPG

From the daily chart it seems that the DOW has been moving up within a channel since mid Nov 2012.

About a month ago I noted a hammer/long lower shadow candlestick pattern on the daily candle ( www.stocktradingfundamentals.com ... k_patterns) after a bit of pull. The DOW has since moved more than 800 points. Today there is a long upper shadow considered as a bearish signal, will that hold true????



www.dropbox.com/s/wfa6d5ujne3qk4h/DOW%20D%2020.05.12.png

Parabola, keep saying it .....

extended channel hit... whats' next... looks like it want go higher.... break below lower channel then down it goes

dl.dropboxusercontent.com/u/40497882/dow_channel_may21v1.JPG

inside bar formed on 5mins... needs to get over 419 to for any chance of retest of todays highs.

WaveSurfer wrote: Parabola, keep saying it .....

extended channel hit... whats' next... looks like it want go higher.... break below lower channel then down it goes

dl.dropboxusercontent.com/u/40497882/dow_channel_may21v1.JPG

Shooting star?