By looking at the Dow Jones charts I am getting increasingly bearish. The top in June is standing out more and more as a significant top.
Posts Tagged ‘trend’
SPI bottom reached?
A week ago on 28 Oct 08, the SPI made a low and have had some good up-days since. There are good reasons to believe that the bottom has been reached and the market has turned!
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 [...]
Dow Jones symmetry
There is currently some very nice symmetry on the Dow Jones futures chart, in terms of time and price. Looking at history it is evident that markets like to behave symmetrically. Is the Dow Jones about to turn upwards again?
Euro trend turn
On 11 Sep 08 the Euro repeated a down range from late 04 to late 05. Ranges like to repeat themselves so this in itself is a good indication that the downtrend has turned. Further to the range repetition the low on 11 Sep 08 is exactly the same as the July 07 high (support/resistance [...]