$DJI - Diamond Top - The Distribution Phase Part I.

Dow Jones Industrial Average IndexDJ

Description

⋅ Sep 30, 2014 11:04 AM

We all know the market phases: accumulation, mark-up, distribution & mark-down. IMO we are in the distribution phase . It will take time. A diamonds are beautiful and unpredictable.

thepatternsite.com/diamondt.html

investopedia.com/articles/technical/04/050504.asp

Comments

A-shot

⋅ Oct 8, 2014 11:17 AM

The force was so strong it did not even reach the top side of the diamond... (just like.."ahhhh screw it, ill dive now")

hehe

⋅ Oct 9, 2014 12:47 PM

...I'm not looking for perfect patterns,

QuantitativeExhaustion

⋅ Sep 30, 2014 12:28 PM

Diamond Top makes sense at this stage in the market for Large Cap stocks

hehe

⋅ Sep 30, 2014 1:01 PM

I'm still looking solutions for wave 4.

QuantitativeExhaustion

⋅ Sep 30, 2014 1:03 PM

Well we often get violent volatile moves out of Diamonds. Usually the first big outside move from the diamond pattern is a headfake

hehe

⋅ Sep 30, 2014 1:06 PM

Exactly!

hehe

⋅ Oct 3, 2014 1:30 PM

So ... the first move was a fake?

andrius.lietuvis

⋅ Oct 8, 2014 10:49 AM

If it was a "Diamond Top" maybe, but if it wasn't?

hehe

⋅ Oct 9, 2014 12:45 PM

...IMO - it was #DT ...distribution continues.

marti_marti

⋅ Sep 30, 2014 11:58 AM

Ola Amigo ! ... nice chart ... very nice