The Dow Down | Stock Market Investing

Thursday, May 22, 2008 | Home | Andy Mayo

Yesterday the Dow Jones Industrial Average closed down for a lower low this month and today's action did not heal that wound.  The DJIA has now broke its uptrend, both on a daily and weekly chart basis.  Will the other indexes follow suit?  Tomorrow may tell.


Note the brief breakout above the neckline of the Head and Shoulders pattern appears now to have been a 'whipsaw.'  Friday's close will confirm.

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