‘Dow 70 year chart’ Archive

Not your typical short-term price test says Joe Friday!

CLICK ON CHART TO ENLARGE Dow Jones Monthly has a unique long-term price test at hand right now. Its a combo of resistance tied to the 1987 highs and 2002 lows and Fibonacci extension tied to the 2007 highs and 2009 lows. Don’t see this combo to often. Gut says the outcome here could be […]

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 […]