The last time the DOW hit 10,754, it stayed in the ~1,000 point range between 10,754 and 9708 for 10 months from Jan to Oct 2004, and in an even narrower range rectangle between 10,754 and 10,075 from Nov 2004 to Dec 2005 (with an exception at a false breakout to 11,176). So the DOW was in a range from Jan 2004 to Dec 2005, or about 2 years. This was also following a decline and rise in 2002 similar to the one from Oct. 2008. Of course, one could also argue that such a rectangle range would happen if the DOW got back to 14,198 (it's previous high) since the 2004 range happened when the DOW reached it's prior high around 10,754.
However, if the 10,754 holds as resistance, I would expect further declines, since the downtrend line will maintain its authority (there was no DTL in 2004.
Thus, I would expect a turn down, if the DOW should happen to get to 10,754.
9:22 PM... update... note that this resistance goes all the way back to 2001 on the monthly chart.
9:111 PM
DOW has weekly resistance at 10,754, as measured from the October 2007 high of 14,198.
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