Dow Jones Average- Daily Update

Click on Image to Enlarge

This chart displays the weekly & daily progress of the Dow Jones Industrial Average. This post is an update to a previous Dow analysis. For the previous analysis go to: http://1618analytics.blogspot.com/2010/02/dow-jones-average-daily.html

Specific confirmation will be needed to mark the day if the bear market resumes. This confirmation is available through a break of specific Dow price levels. The previous analysis outlined a "horribly drawn trend-line." It is through a break of this trend-line that the bear market will be confirmed. Due to the fact that the support level is dynamic, each progressive day will entail a higher support level. Here are the Dow Jones confirmation levels:

---------------------------

1) March 12 = 10, 432

2) March 15 = 10, 490

3) March 16 = 10, 511

4) March 17 = 10, 531

5) March 18 = 10, 551

6) March 19 = 10, 568

7) March 22 = 10,628

8) March 23 = 10,650

9) March 24 = 10, 670

----------------------------