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The Chart below is the DOW for 01-22-08.
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The Dow closed at 11971. The approximations for the drop that wee drawn on 01-15-08 have been re-drawn on this chart. The Dow Opened near the close of Friday 01-18-08 which was near the previous support line.
The Dow fell very close to the previous resistance. The Candle of 01-22-08 pierced the Head and Shoulders measured move. The Closed near the trendline.
Below is a chart of the Nasdaq with possible support lines that were drawn on 01-15-08. The Head and Shoulders measured move pierced the candle of 01-22-08. The close of Friday 01-18-08 was near the Support -Resistance line drawn on 01-15-08.
Below is a chart of the SP500.
The Body of the candle was near the Head and Shoulders measured move tat was drawn on 01-15-08.
Below is the Daily DOW with a close on 01-22-08.
Was the volume enough to satisfy a bottom?
