![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM1yZK7Dtp7DcBk2-1dpQWAEbo8Ht2v8C8PfXTyp8YYEz5kO9GyPvkpEmPjjmKfZA25y0UbOGqJ_V4Hm3tSZ2hyT7phST2G8HWMG8vXUDEoRxRPSfjT_IwDho0aiCoICZLB3Og15qrv3Q/s400/Chart+of+DIA.gif)
The real story of yesterday's market was the rally (a) that started at 10:30 and continued until 12:30. Notice the consolidation that occurred along the way (b). After the rally was over, prices consolidated using (c) as support.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPa0sU6ndL5mY3ZgoXu3ACgm8EGRXJTJ8rCnveIbMoxpg92vFGdICvW6p5vn4FopKpf6W8Tuwwo4ixi9NOjZWU7bMIy2k4nNGXR0vOSDeuE6s8ImdPnXrfTgC15nIgs_e3kdmrrG7N778/s400/Chart+of+DIA1.gif)
On the daily chart, notice that prices broke the uptrend and that the MACD has given a sell-signal. However, the A/D line is still strong.