Here’s a video analysis on the Dow Jones Industry by Adam Hewison. The Dow went from 6600 on March to 8800, and pulled back. Adam uses fibonacci retracement, macd and the head and shoulders pattern to analyze Dow Jones. The dow is currently hitting the neckline of the head and shoulder’s pattern. A 38.2% retracement of the Dow is equal to 7951, and if Dow falls below that point, we are in big trouble. 

Click here to watch the video for free

This entry was posted on Wednesday, July 8th, 2009 at 8:23 pm and is filed under Daily Stock Picks, Dow Jones. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.