Courtesy of Chris Kimble
On 10/8 the Dow 70-year chart below was posted, suggesting stiff resistance should come in around 11,500. (see post here)
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Below is an update to the above chart. The Dow reached 11,451 on 11/5 and has backed away from resistance.
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Almost 2 months have gone by since the last 70-year update. With todays action, not included in the bottom chart, the Dow finds itself within 50 points of where it was almost 60 days ago.
At the time of the prior post, Dow 11,000 was resistance, now it becomes short-term support after almost touching Dow 11,500!
