dow 122909
Updated chart above.
As you can see the dow broke out of the long term trend line and then came back to rest on it today.
If the breakout was a failed one, which is what I believe, then this would be very bearish and we should see a return to the yellow area. If the breakout is real then we shoulod head to the next Blue line (around 11,500).
Updated 5yr and 10yr charts below..
5 year
10 year
