We're In An Everything Bubble. The Sell Off BeginsWe are looking at the top of the decline here--we will see highs--but this may be the start of a correction of a very long uptrend.
DOW trade ideas
uptrendpassing of a price since 02/2005...
after that its a pullback...
buy after a sure trigger as a big bullish candle on daily time frame
Possible Dow Chemical multi-decade breakoutDOW broke out 17-month triangle last week and today confirmed break with test of the trendline.
Decisive weekly close above 2005&2015 all time highs would clear way to strong multidecade breakout.
First support at 55.00. Anticipatory long in today at 55.35. Will add if all time high cleared. SL weekly close below triangle.
Have a look also at the weekly chart.
Short opportunity on DOWDOW had positive news during earnings. If you disagree there is harmonic BAT pattern to confirm your short trade.
HUGE UPSIDE IN DOW?From the low of July 2011, we can see that we are in the 4th wave of the final leg of bullishness.
Wave 4 still has a small leg to the downside in order to complete the necessary 5 waves to finish the triangle.
42.50 is the apt place to start buying the stock for a target of 60+.
For a detailed wave count, click on
wave-analysis.blogspot.in
DOW Chemical CompanyThis is experimental indicator which would indicate potential change in trend and going long somewhere here.
Its based on the only thing which makes sense in the market to me which is: most traders loose - the only truth in the market.
MarubozuSuper ugly Marubozu candle on daily after earnings highlights price pattern that many fear the $SPY will follow
$Djia $gc Market Bubble Overlay Macro Cycle 16-18 YRAn overlay on top half of major commodity relationships and indexe / On the bottom major national equity indexes
Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world.
We are in a typical 16-18 yr consolidation pattern following a similar length boom from Ronald Regan era that stopped with the Nasaq Tech Crash of 2000 and damage caused from 9/11.
The housing boom/bust & subsequent bubbles since are just reverberations of the original crash.
The Dow Jones oscillates from 16-18 year secular bull and bear cycles consistently for the last 100 years.
Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world.
