This Chart of the Dow Shows Opportunity…
I woke up this morning… grabbed a cup of coffee… and sat down at my computer looking through charts.
Most of what I saw was ridiculous crap. Stuff not even worth mentioning (expect to say that they sucked)
But then this GEM popped out at me…
Dow Jones Chart
This is a 15-minute chart of the Dow Jones.
Notice that 200-unit resistance that has proved quite resiliant. Well, if the Dow can hold its 8,000 support and break above this 200-unit average, then the Dow is rallying.
I really like the fact that neither the RSI or Slow Stochastic are anywhere near overbought. That means the fuel is there for a move much higher…
Hmm… There’s a great credit-spread one can do : )