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Dow Jones anniversary

Although we saw some nice Dow Jones symmetry 12 days ago that could have suggested a positive turn, it kept diving. Since then the Dow made a bottom on the 10 October 08, which was exactly one year since the All Time High (ATH). To be precise the ATH was on 11 October 07, but the 11th was on a Saturday this year – the nearest trading day was the 10th.

Anniversaries are important time cycles to look at as they often occur closely to an important top, bottom or even a change of trend.

Looking at the charts (and listening to the news!) the Dow Jones and other world markets are still very weak.

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