‘Dow 70 year chart’ Archive

Dow could peak right here, says Joe Friday!

  CLICK ON CHART TO ENLARGE This chart is the Dow “Quarterly” dating back to 1965. I applied Fibonacci to the Dow’s 2000 high and 2002 quarterly lows and then applied Fibonacci extension levels. The Dow stopped on a dime in 2007, as it hit the 161% Fibonacci extension level at (1). Now the Dow […]

Bullish signal sent by this dual long-term breakout by Dow

  CLICK ON CHART TO ENLARGE As the year is coming to an end and the Dow is near all-time high levels, I wanted to take a peak at two different long-term perspectives. One of them Fibonacci Extension levels and the other a long-term Mega phone pattern. If one applies Fibonacci to the lowest “monthly […]

Dow creates huge bullish wick, breaking above Mega-Phone resistance!

  CLICK ON CHART TO ENLARGE John Melloy of CNBC writes an article in regards to the Dow pushing above the top of this mega-phone pattern and how it created the largest monthly bullish wick, since the bottom of financial crisis in 2009. See full article HERE  FYI-This pattern remains bullish as long as the […]