When looking at a chart like this, you (or at least I) ponder things like what would happen if DIA and its daddy the Dow had lost this important level? I expected the rebound that we are currently on and shorted it again - against long positions... never net short due to the wonders of inflation and uphill battle that the d Boys fight - with the expectation of the rally petering out.
But that is serious support over there on the left. Conversely, if it is broken to the downside, it would be a serious problem for the market. I have targets for the Dow on the downside but viewing something like this adds a whole new component to the existing analysis. And it ain't good. Best for the bulls to hold that line. I can always dump the shorts. Inflate or die Ben.
