DOW Daily 25th March 2009 recap

"Trade on the side of Support:- Above and it's into Wednesday's highs.

Wednesday's highs are resistance.

Below support and there looks to be a move back down into the 10-day 50% level, which has always been my level to continue the trend higher"

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DOW Weekly and 5-day pattern

There as a lot of volatility in the US on Wednesday, but in my opinion it played out precisely, setting up the new move upwards

Rise up from support into a precise top on Wednesday. I was expecting some resistance, but I wasn't expecting the entire reversal back down to happen in 1 day.

But once both the DOW (7503) and the S&P hit (790) on the S&P, this was the pattern that set-ups the next moves higher in March.



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