Dow Jones Industrial Average Index
Multiyear resistance TL's right above price $DJIA
We officially elected the key Socrates monthly bullish level at 18625 for November. Now watching for a pullback to this level to jump in and add to my mini position. Major resistance bank awaits at 20764-21252
I posted this chart before, this is an updated version, focusing on expansion cycles. From the chart we can see it had two long term expansions (by expansion I mean chart keeps making higher highs), one being from 1932 to 1965 lasted 33 years; one being from 1974 to 1999 lasted 25 years. We may have another one under way (starting from 2009 low). DJIA has already...
Dow is heading toward a deep dive
One of the critical things to look for as a trader is DISTRIBUTION from the funds. We look at this on the indexes. Any index showing signs of distribution is a clue that potential turn is coming. One day a trend does not make, but if we see a series of lows and higher volume on those lows it is critical to get to the sidelines...or tighten stops. I look for 4...
SPX500 NAS100 DJY0 can make ATH just keep in memory possible bear capitulation ahead
Dow 65,000 in 2030. Anyone? : -) It is actually easier to achieve than thought: think about 3% inflation rate, 1% population growth rate, 2% real GDP increase, and some unforeseen science and technology and industrial revolutions. This chart itself is the whole story of America for the past 100+ years, I think it is highly probable that this advancement can...
This chart studies correlations between DJY0/SPX RSI and SPY. If history repeats itself, this bull market has about 20 months left (mid of 2016), with 20%+ higher to go (to $240). Note this is NOT scientific and NOT intend to be a forecast. The intention is to look at the market possibilities from another perspective.
This chart shows significance of long term breakouts from the past. And possibly we are experiencing one right under our eyes (assuming it is not fake).