Monday, January 24, 2011

Top40 30minutes chart for January 24th

Quick update for Top40 30minutes chart.

Rising wedge was broken on Thursday and break was retested on Friday and again this morning. Together with break 50 exponential moving average (blue line) was tested and proved to be a strong resistance. Market dived after initial strength this morning and it is currently some 350 points off the high.

There is another less sloped trend line on the chart, exactly where Top40 got stopped. Bellow that line is horizontal support around 28200 and if that is broken we will have very little support all the way down to 27100.

Dow theory is still pointing towards bull run, market made only lower high with no lower low yet. That will happen if 28415 is taken.

On the upside watch for close above 50 exponential moving average and new higher high above 28835.

Trade with trend!


Anonymous said...

Thanks for update ALSI TRADER

Alsi Trader said...

You are welcome

Anonymous said...

I really like your blog.. vеry niсe cοlors
& theme. Did уou makе this wеbѕitе
yоurself or did you hire someone to do it for yοu?
Plz reply as ӏ'm looking to design my own blog and would like to know where u got this from. thanks a lot

My web blog - buy one get one

Anonymous said...

Hi theгe! Thiѕ blog post сouldn't be written much better! Reading through this post reminds me of my previous roommate! He always kept preaching about this. I'll ѕеnd this pоst tο
him. Pretty ѕure he'll have a great read. Thank you for sharing!

My web-site ... options trading system

Anonymous said...

You can definitely see your enthusiasm within the
work you write. The sector hopes for even more passionate writers such as you
who are not afraid to say how they believe.
All the time follow your heart.

Feel free to visit my web-site; laser cellulite treatment

Anonymous said...

It's remarkable to pay a visit this web site and reading the views of all mates about this post, while I am also zealous of getting know-how.

My homepage ... natural cellulite treatment

Anonymous said...

I almost never write comments, however i did a few searching and
wound up here "Top40 30minutes chart for January 24th".
And I actually do have 2 questions for you if you don't mind.
Is it simply me or does it look as if like some of the remarks come across as
if they are coming from brain dead people? :-P And, if you are writing at other online social sites, I would like to follow everything new you have to post.
Would you list of every one of your shared sites like your twitter feed, Facebook page or linkedin profile?

my webpage Indianapolis mold removal ()

ninest123 said...

chanel handbags, gucci outlet, michael kors, louboutin outlet, louis vuitton outlet, oakley sunglasses, prada outlet, oakley sunglasses, nike outlet, ugg boots, uggs on sale, ray ban sunglasses, longchamp pas cher, oakley sunglasses, nike air max, louboutin shoes, burberry, louboutin, polo ralph lauren outlet, longchamp, louboutin pas cher, longchamp outlet, louis vuitton, ralph lauren pas cher, tiffany and co, air jordan pas cher, jordan shoes, tiffany jewelry, nike air max, kate spade outlet, christian louboutin outlet, louis vuitton outlet, replica watches, prada handbags, cheap oakley sunglasses, louis vuitton, ray ban sunglasses, ugg boots, longchamp outlet, sac longchamp, oakley sunglasses, polo ralph lauren outlet, nike free, nike free, tory burch outlet, replica watches, air max, louis vuitton, nike roshe run, ray ban sunglasses

ninest123 said...

michael kors outlet, kate spade handbags, true religion outlet, nike air max, coach outlet, ralph lauren uk, timberland, michael kors outlet, michael kors, hollister pas cher, michael kors, air force, michael kors outlet, nike roshe, tn pas cher, north face, coach purses, nike free run uk, hogan, ray ban uk, north face, vans pas cher, mulberry, michael kors outlet, sac guess, ugg boots, new balance pas cher, michael kors, nike air max, true religion jeans, hermes, replica handbags, true religion jeans, true religion jeans, michael kors outlet, vanessa bruno, nike blazer, hollister, burberry outlet online, coach outlet, michael kors, burberry, nike air max, lululemon, converse pas cher, lacoste pas cher, ugg boots, abercrombie and fitch, oakley pas cher, ray ban pas cher

ninest123 said...

herve leger, converse outlet, p90x workout, ralph lauren, mcm handbags, nike air max, new balance, hollister, gucci, birkin bag, chi flat iron, louboutin, ferragamo shoes, oakley, ray ban, hollister, nfl jerseys, converse, asics running shoes, hollister, ghd, longchamp, wedding dresses, soccer jerseys, iphone cases, insanity workout, north face outlet, vans shoes, giuseppe zanotti, baseball bats, abercrombie and fitch, reebok shoes, vans, nike trainers, nike huarache, north face outlet, mac cosmetics, valentino shoes, nike roshe, instyler, bottega veneta, mont blanc, soccer shoes, nike air max, jimmy choo shoes, timberland boots, lululemon, babyliss, celine handbags, beats by dre

ninest123 said...

montre pas cher, ugg pas cher, moncler, louis vuitton, bottes ugg, coach outlet, canada goose, thomas sabo, pandora jewelry, barbour, links of london, toms shoes, moncler, moncler, replica watches, juicy couture outlet, swarovski crystal, juicy couture outlet, canada goose, pandora charms, canada goose outlet, wedding dresses, pandora jewelry, louis vuitton, marc jacobs, lancel, canada goose outlet, canada goose, louis vuitton, canada goose, ugg,uggs,uggs canada, moncler, moncler, moncler outlet, ugg,ugg australia,ugg italia, pandora charms, canada goose uk, barbour jackets, karen millen, swarovski, doudoune canada goose, louis vuitton, hollister, sac louis vuitton pas cher, moncler, moncler, supra shoes, ugg boots uk