martinex
Short

Dobble TOP reversal pattern

DJ:DJI   DOW JONES INDUSTRIAL AVERAGE
262 6 7
FED is clearly on the exit mode ... will the market stand on it's own ?

Yes it will ... but need a decent correction first.

Good Luck !
Another week has passed so we can look on the chart ... this time YTD performance
snapshot
- if we look at the same period in Russel 2000 we can clearly see that DOW is the second from grand four which has passed the 'zero' line this year. Not a good sing for the future imo - more weakness will come now in the name of market wisdom : Sell the loosers , Hold the winners.
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martinex martinex
Last week - as I was expecting - began with more downside pressure on the markets , after the week end came we can assume that the some kind of wave 3 has found it's bottom or maybe it was just a part of wave 3 ... the pullback we saw/see is not the end of the selling imo - just some breather and more will come. The doubble top formation was activated and now we see comeback to the neck line. Just a quick reminder of 2014 performance :
snapshot
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DOW was the weakest before ... now is the stronger but - should failed to hold above 17150 also :
snapshot
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martinex martinex
few more days ... end of Quarter and here we are :
snapshot


in addition something Long view :
snapshot
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please help me to know well thanks
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