Wednesday, December 3, 2014
INDU Dow Industrials Daily Chart Rallies to New All-Time Highs
The mid-October bottom for the Dow occurred with a Tweezer Bottom (two long candlestick shadows) and explodes to a new all-time high at 17897.05 and new all-time closing high at 17879.55. Interestingly, the Dow has not had a two consecutive day sell off ever since the bottom. Price finally fell under the 5-day MA ending a euphoric 30-day period above the 5-day MA. The Dow needs to back kiss the 20-day MA now at 17681 and rising. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.