The Great Fall of Dow Jones could be near
This is a trimonthly (MN3) chart of DJI. Including 125 years of history, ALL that we have of it.
It has taken DJI 35 years to reach this giant resistance. From the mid-channel in 1988.
The divergence and weakening of momentum is obvious.
This is a closer look:
I don't see how it can cross this resistance before falling a great distance down. It is not impossible-nothing is- but I wouldn't want to invest in this market for the long term.
This will take a long time to happen, but I believe a great fall is coming. A period of negative economic values, even a worldwide crisis. This is not something that can be caused by an internal US crisis only. It can and will include the whole world.
It has taken DJI 35 years to reach this giant resistance. From the mid-channel in 1988.
The divergence and weakening of momentum is obvious.
This is a closer look:
I don't see how it can cross this resistance before falling a great distance down. It is not impossible-nothing is- but I wouldn't want to invest in this market for the long term.
This will take a long time to happen, but I believe a great fall is coming. A period of negative economic values, even a worldwide crisis. This is not something that can be caused by an internal US crisis only. It can and will include the whole world.
