- Articles - 2013 Blog - Dow Resistance & Support Levels from 2005
                Windsurfing at Palo Alto in SF Bay in May 2009
 DOW Resistance & Support Levels
Historical Data from 2005 to 2013
                Windsurfing at Coyote Point November 2009
Newsletter Subscribe  

Return to home page    -   Charts  

January 27, 2013: Below is a graph showing DOW Resistance & Support Levels from 2005.  Key features:
  1. The dashed red horizontal line from 2006 to December 2008 shows the broken neckline for the Head and Shoulders Top Pattern that completed in the middle (June/July) of 2008 that includes a test from below of the neckline in August/September 2008. 
  2. A rising wedge pattern that broke into a  21% bear market in 2011 when measured from the top to the bottom of the S&P500 index.
  3. A new rising wedge pattern starting in July 2011 through today.  I took profits here but a break of this wedge to the upside with volume would be very bullish for a surprising move to the upside.
For a longer look, see Dow Resistance & Support Levels from 1981

  • Period of "Irrational Exuberance" between 1997 and 2001.  I was one of the few people in the Silicon Valley that said to "take profits in technology stocks' in 1999 and 2000.  Note how the value of ALL my newsletter portfolios are significantly higher now than the peak of 2000 despite the heavy weighting in NASDAQ stocks

Note 1.  Source:  Newsletter Bulletin on New Year's Day

Click for FREE sample of Kirk Lindstrom's
                    Investment Letter

TOP of Page

Home of "CORE & Explore®" investing.

FREE=> Investment Letter SAMPLE  <== FREE

Disclaimer:  The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2011 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc.