‘Dow 70 year chart’ Archive

Dow Mega-Phone Pattern Could Be Breaking Support!

  CLICK ON CHART TO ENLARGE The Dow has created what looks like a very large mega-phone pattern. This pattern was discussed four months ago, giving investors key big picture perspective as the Dow was hitting all-time highs (See here) The Dow over the past 5-years has rallied from support to resistance of this pattern. […]

Average valuations only 68% above 114-year average!

  CLICK ON CHART TO ENLARGE The upper left chart reflects valuations over the past 114-years, created by Doug Short. This chart combines four different ways to look at valuations and then averages them together. At this time the average of the four is 68% above the 114-year averages. Only in 1929 and 2000, were […]

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 […]