CLICK ON CHART TO ENLARGE On the last trading day of the year, its common for the media to look back over the last 12 months. I wanted to close out the year looking back a little further. From a big picture perspective the charts above continue to suggest that longer-term falling resistance lines/channels remain in [...]
Is the market due a bounce after yesterdays 500 point decline? Odds are very high on a short-term basis, a bounce is due…. just check out the VIX. During these times I am of the belief it is can be helpful to look at long-term charts for a little perspective. I am of the opinion [...]
In the chart below, I highlighted that the Dow was breaking above key resistance line (1) for only the 2nd time in its history at (3). (see post here) CLICK ON CHART TO ENLARGE Game plan at that time was to BUY THE DOW, due to the breakout. Below is an update on the progress of the Dow (left [...]
For only the second time in 11 years, the Dow is above the top of the trading range at (3) in the chart below. CLICK ON CHART TO ENLARGE Game Plan….Be an owner of the Dow with a stop at 11,500
CLICK ON CHART TO ENLARGE A few viewers ask what the long-term chart of the Dow looks like. Currently the Dow is testing a level that was key back in 1999 and 2008 as well.
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