Dow Industrials P&F Chart Targets: 9750 (Daily), 9150 (Weekly) $INDU $DIA

Check out the Dow Industrial Average ($INDU) point & figure chart. P&F charts represent "filtered" price movements over time, or cut out the noise (read more at Stockcharts.com ChartSchool and see P&F Pattern Alerts). The daily $INDU P&F chart is giving a downside target of 9,750 and the weekly chart says 9,150. It's another form of technical analysis.

The Dow closed at 10,009 today, so the daily sees -2.5% downside from here and the weekly sees -8.5% downside. Keep in mind that big price movement tomorrow could change the P&F's mind. Below are the daily and weekly $INDU P&F charts and the wider versions.

Dow Jones Industrial Average ($INDU): Daily P&F Chart (StockCharts.com)

Dow Jones Industrial Average Daily P&F (Wide Version)

Dow Jones Industrial Average Weekly P&F Chart (Stockcharts.com)

$INDU Weekly P&F: Wider version (Stockcharts.com)