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This is the Dow Jones Industrial Average (September 26, 2011 close) point and figure chart. This is a 100-point box chart (each box along the side represents 100 points on the Dow Jones).
All charts are courtesy of Dorsey Wright & Associates
Dorsey Wright offers a free two week trial subscription, I encourage you to check them out.

We have been range-bound between 11500 on the high side and 10700-10800 on the low end since early August.
The overhead resistance line now sits at 11400. So if the market continues its’ range-bound ways, we are going to have a big test if we can get up near that 11400-11500 point. A break THROUGH those levels would help put the market in a positive trend.
9-27-2011 Dow Jones 100 pt Box chart
Of course, if the resistance line holds, we could be looking at more downside. It is still risky out there.
All charts are courtesy of Dorsey Wright & Associates
Dorsey Wright offers a free two week trial subscription, I encourage you to check them out.

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