Kimble Charting Solutions Blog

70-year channel resistance is at hand in the Dow (update)

Posted by Chris Kimble on 01/21/2011 at 9:46 am; This entry is filed under Dow 70 year chart.
Tags: Dow 30

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Not only is 70-year channel resistance at hand, resistance based upon the 1999 high is at hand, at the same price point at (3).  Resistance is resistance until broken in this long-term chart.  The last time the Dow broke line (2) it pushed another 15%+ higher.  Going to be different this time?

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