Tuesday, March 5, 2013

They Need the Dow Closing High

That's what I said on Friday and Friday would have been a perfect day because the news of "Dow makes all time new "nominal" high" would be all over the news over the weekend and retail would be placing their orders Sunday night and Monday morning before heading off to work, without the nightly news headline, it's simply not as effective.

However looking at the DIA, it doesn't look like it'd going to hold.

 The 1 min trend, no confirmation at all today, similar to yesterday.

 2 min chart

 3 min chart

 10 min chart

Most importantly the 60 min chart.

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