‘Dow 70 year chart’ Archive

Stock market bulls…Risk are high if the Dow turns weak here!

dowfibresistancelongtermchartjune25CLICK ON CHART TO ENLARGE

This chart looks at the Dow over the past 115 years and no doubt the trend has been up since the 2009 lows and remains up!

If one takes the 2007 monthly high and the 2009 monthly low and apply Fibonacci extension levels to those key highs and lows the …

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

joefridaydowlongtermnottypicalpricetestmar27

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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!

 joefridaydowatfibresistancejan30

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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 …