The Dow Jones Industrial Average closed yesterday at its highest level in over 3 months.


The 11,260 - 11,290 area has plagued the Dows advance all summer. The Dow managed to poke through this level on August 4th, only to be turned back and again close below it. Yesterdays strong advance, and ability to not just penetrate, but close above it, could bring a change to the previous trend of choppy trading. A second day of closing above this resistance level should confirm our opinion.

A continued advance, and close above the 11,435 - 11,450 would virtually confirm a new yearly high for the Dow.