- Close: 12,743.19
- Change: +92.83 +0.73% (daily) +536.02 +4.39% (weekly)
- Volume: 954,562,880
- Net adv/dec issues: +1,992
- Net new highs/lows: -8
- Net up/dn volume: +3,210,411,284
TECHNICALS
Major trend remains sideways, intermediate downtrend, near term uptrend. This week's rally made good the reversal signal that appeared on the previous weekly chart as i pointed out in last week's review (1/25/08). So far the index has regained over 50% of the last decline and the Dow may be facing resistance at the 12800/13000 range before possibly resuming the downtrend.
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