Weekly DJIA through 21-Mar-2005

The weekly Dow took another pounding, closing down 186 points on the week. The Stochastics indicator has now dropped below 80 and the CCI is close to crossing the zero line. This chart looks worse than the daily one in that this decline is just starting instead of well along. Judging by this chart, the Dow is due for quite a bit a drop in the short term.