DJI : This is Day 8 of range bounding action at 7900-8300 level, on chart, a nice looking round base is in the forming, will need a few more days, closed above S3, this is good, but S4 is still the resistance, and don't count on too much on finance sectors tomorrow, all DJI finance names (AXP, BAC, C, JPM) added together, including GE and GM, they are not as big as CVX, XOM, or IBM... so, their impact to DJI index is limited, this is actually very good to the long term, because the problems in finance sector won't go away for a while (in next 12-24 monthes), you don't want to see DJI's future move depends on those troublesome finance companies.
For tomorrow, if gap up, then we might see day high in the morning, SPY and DIA could see a black daily candle, and DJI might just give us another small green bar to complete 3WS pattern...
I think we are getting a measured move pattern from here to UBB, and this move will be very slow.
Only buy on dip, never chase on break out.
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