$INDU Chart Analysis for 090106

The daily chart shows strength, and is looking to test the highs of the year at 11,670.19. Great start to the beginning of the month. Currently price had made more than a .786 fib retrace of the last move down.

This move up for the past week was foretold by the weekly chart. Look for test of the highs and a possible pullback once we test there.

The monthly chart continues to show uptrend, and we have no sell pattern completed as of today's date.