‘Dow 70 year chart’ Archive

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 […]

This 100-Year Dow Jones Industrials Chart is bullish!

  CLICK ON CHART TO ENLARGE With only 49 shopping days left until Christmas, I thought I needed to share my Christmas list. The chart above takes a 100-year look at the Dow and takes a look at a channel that has been in play since the 1930′s and a resistance line that could be […]

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. […]