‘Dow 70 year chart’ Archive

Will the Dow “Hop” over this?

  CLICK ON CHART TO ENLARGE Needless to say, the 1974 & 2009 lows were very important for the Dow. If you take these lows and apply Fibonacci to them, a 261% Fibonacci extension level at the top of a multi-decade rising channel both come into play right now for the Dow. Will the Dow [...]

S&P 500 66% above 114 year valuation levels, trend is up!

  CLICK ON CHART TO ENLARGE The broad market ( Dow, S&P 500 and Small Caps) remains near all time highs and the advance/decline line is too…the trend is up. New valuations from Doug Short are out, reflecting that the S&P 500 is 66% above its 114-year median valuation line and not real close to [...]

New Hindenburg Omen at hand? Dow hits 80-year Fibonacci resistance level!

  CLICK ON CHART TO ENLARGE Dow is hitting a parallel channel line that dates back 80-years. The 2007 high hit this line and the Dow was turned back, now its hitting this line again. Not only is the Dow hitting channel line (A), it is hitting an 80-year Fibonacci extension level created off the [...]