‘Dow 70 year chart’ Archive

30,000 Foot view after a wild 10-days

dowwhataweekhitschannelsupportaug27

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If one takes the highs of 1987 and the lows of 2003 and ties them together and then projects a line into the future, you get line (1). The Dow hit line (1) and its Fibonacci 161% level in May and the Dow could make no more upward progress after …

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 …