Feb 26

Dow Reversal

After this morning's sharp up-gap open, the Dow Diamonds Trust (AMEX: DIA) has since reversed from resistance at 127.00, and is pressing against both Friday's low at 126.27 and its Jan-Feb support line at 126.35, which if violated should trigger downside acceleration towards 125.70/50 next.
Chart

Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!