I am presenting the Dow Jones Industrials
by way of the DIA etf
. The market could very well find its way back down to what I view as the most critical amount of "time-at-a-price", which occurs at any level where there is 20 weeks of market time (within the weekly high-low
price range) at any given price. You can see clearly that from the bottom in 2009 at 72 up to the high at 128 this summer, that the only price where there is 20 weeks of price action is at the 102-100 level. That is 5% lower from closing levels reached on Friday. IF 100 is violated and we close under 100, then it is entirely conceivable that we could decline to test the "MASSIVE ACCUMULATION" zone highlighted from 84-72.