60 Minute Dow Chart and Pitchfork

Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved.

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Here is a chart for the Dow industrials. This uses the eSignal symbol $INDU. The chart shows the MarketWarrior Mars lines and the Pitchfork. The majority of the time, a market will return to the Pitchfork Median-Line. The current Dow 60 minute chart has not yet returned to the Median Line. Based on the size of the daily high low range, I can forecast the $INDU will rise to the Median Line either on July 31 or August 1. The market will then make a swing top just above the Mars line and on the Median Line. The price target for this forecast move is 11750.

60 Minure Dow Chart

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