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1.28.14 Tuesday
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According to the chart 1928-1929, possibly another run-up before the fall.
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OR
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Form H&S reversal here and straight up "tankage".
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11.12.13 "Tom DeM...
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7.13.13 Saturday
*All charts are WEEKLY in this article
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$DJIA: Dow Jones Industrial Average
Looking at this weekly chart, I would have to say it's looking VERY bullish because of the fact that it came down hard late June with H...
9/19 Wednesday
It appears to be forming a bullish stair-step continuation pattern as it did 9/7 - 9/12 (#2) and it continued bullish.
However it could break bullish for a day or two and then, upon running into the resistance, it could roll back down to...
Scenario 1 - Bullish (Which I put most weight on)
Dow Theory says "Trend is in effect unless it is given a definite reversal signal"
Do we have a definite signal for reversal? Not yet.
But the fact is we have this continuation stair step pattern hap...
13,300 is the next target in the market for this week.
Last Friday we closed with Rising Three pattern (it was done with 4 candles). This is continuation pattern so most likely we are going to see 13,300 this week.
Indicators are confirming but Stre...
12.23.12 Sunday
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Previous article regarding the overall Market: "Market Crash Warning Signs For 2013"
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Dow Jones Industrial Average: Weekly
Here you can see on this chart that perspective and sentiment is VERY much BULLISH on the D...
First of all,DOW closed in the middle of our major pivot area of $12,700.
You can see July 2011, March & April 2012 both acted as major pivot there. And today we closed right in the middle of it. and also we closed right in the middle of our short-...
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1.27.13 Sunday | Weekly Charts
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$DJIA: Dow Jones Industrial Average Index
We are running into upper resistance however looking at the last weekly candle, we do not have any reversal signal yet. It means my perspective going into this...
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12.12.12 Wednesday
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$DJIA-Dow Jones Index
Gravestone Doji today which is a weak form of bearish reversal. Triple top neckline is acting as resistance.
If that resistance holds this week, I am expecting sharp pull back.
Retrace...
7/5 Thursday
S&P 500 Index: Bullish sentiment with Obstacles
We saw many break outs today including $AAPL, $GOOG, $NFLX and others but however looking at all three INDEXES, we didn't go anywhere. We kinda moved sideways.
DOW INDEX broke out of Fib...