DIA Trend Analysis - 1/19/2007

Major markets could not make much progress this week despite falling energy prices and favorable economic news. For the week, the Dow Jones Industrial Average climbed 9.45 points, or 0.08%. The Standard & Poor's 500 Index lost 0.23 points, or 0.02%. Last week we expected weakness for the Nasdaq Composite, and it felt down sharply losing 51.51 points, or 2.06%.

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly DIA

QQQQ Long-term perspective:
Diamonds Trust (DIA) daily and weekly Lane's Stochastic are overbought, weekly William's Percentage Range is strongly overbought, Lane's Stochastic and MACD have bearish divergence and price is near the long-term resistance line. Uptrend is exhausted.

DIA - Long-Term Trend

QQQQ Short-term perspective:
DIA price is near the weekly uptrend channel support line, but considering all long and short term bearish indicators, DIA does not have many chances to advance. DIA may break the weekly uptrend channel support line soon.

DIA - Short-Term Trend

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