Dow heading into 2014

31. Dez. 2013

A head and shoulders are forming, the head still needs to top. A believe it will top around 16800 to 17000. The market will retreat back to 15700, where the once resistance line as you see in August, September, and October, becomes the support line. Once hit there, I believe it will rise again maybe even pass the head, we will just have to wait and see. The market at some point will fall, I feel it will fall back into the support line. This is a new and improve chart, I created a couple of days ago.