Re: DOW... *PIC*
Talk about Alzheimer's...I meant to post this chart showing the demarcation points for resistance and support above the 27000 point. You just add 30 to and progress up the chart. 270...300..330..and the Mac Daddy completion and starting over point of the circle...360 degrees.
You can test these lines by putting them on the chart where there has been past price movement. See if it does anything for you or see if you think it's full of chit. Your choice. For testing into the future, just leave those lines there and see how price reacts to them.
So there they are...waiting for price to come to them. No adjusting to your own bias as to what lines to use. Presuming...as a fool might...that price is going to go that high.