Dow Jone Industrial Average shows a
Clear "Ascending Triangle" Pattern on the Monthly Chart.
I have done my best to illuminate the chart pattern here.
Now let's just say for overwhelming contrary opinion,
that the current decline off of the All Time Dow High of 27398,
reached on July 16,2019, was a simple Cup and Handle Pattern
inside the overall larger Triangle.
Certainly pessimism is very high right now, most thing the market will soon decline sharply,
as long term interest rates are plummeting leading some to believe that there is a full blown credit crisis
looming out there somewhere in the future.
However, just for arguments sake..
Lets just say that the Dow is in the final process of discounting.. like all that
and with a mind of it's own, starts to rise in September,
a traditionally well known bearish month for the stock market.
And lets just say that sometime this fall
the Dow achieves a very bullish breakout,of the Ascending Monthly Triangle,
above the prior All Time High
Well guess what...?
While everyone else is looking for the last piece of gloom and doom news,
to fit the very bearish scenario they have in mind for the economy
the Dow simply flips them off, and say's.. I don't care.
And then,.. the Dow begins to rise, not fall throughout the fall
Not in stair step fashion, but by leaps and bounds.
Now most, as in the crowd might not understand that,
or probably wouldn't be able to rationalize that could be happening.
What about all that bad news ?
Because of the historic nature of the 10 Year Bull Market
it maybe all too fitting that the Dow takes off on one final parabolic rally to the heavens
as we meet the decade 2020 in the US.
Perhaps no one would believe it, certainly not in these seemingly very tense times
of ongoing economic trade war between the two superpowers, the US and China.
However after studying the Monthly Dow industria'ls Chart this labor day weekend
it is entirely possible in upside pattern breakout to find the Dow at 30,000,.. in 2020.
For those would would aspire to such nonsense :),
and actually take the plunge, and bet on such a scenario,
I would highly recommend that you look at Pro Shares Triple Bullish Dow ETF Symbol UDOW.
If this idea ever comes to pass,
you could triple your investment dollars,
as UDOW is calibrated for a 300% return point for point, on an upside move in the Dow Industrial Average.
I would like to close by again reminding you that the stock market
is a much more risky place financially, than most people realize.
Thus,if you decide to take the bullish leap of faith here,
by all means use appropriate trading STOPS so as to Limit Downside Risk,At All Times.
Dow Industrials Last 26403 28
See you in September.
THE_UNWIND
9/2/19
NEW YORK
.
Clear "Ascending Triangle" Pattern on the Monthly Chart.
I have done my best to illuminate the chart pattern here.
Now let's just say for overwhelming contrary opinion,
that the current decline off of the All Time Dow High of 27398,
reached on July 16,2019, was a simple Cup and Handle Pattern
inside the overall larger Triangle.
Certainly pessimism is very high right now, most thing the market will soon decline sharply,
as long term interest rates are plummeting leading some to believe that there is a full blown credit crisis
looming out there somewhere in the future.
However, just for arguments sake..
Lets just say that the Dow is in the final process of discounting.. like all that
and with a mind of it's own, starts to rise in September,
a traditionally well known bearish month for the stock market.
And lets just say that sometime this fall
the Dow achieves a very bullish breakout,of the Ascending Monthly Triangle,
above the prior All Time High
Well guess what...?
While everyone else is looking for the last piece of gloom and doom news,
to fit the very bearish scenario they have in mind for the economy
the Dow simply flips them off, and say's.. I don't care.
And then,.. the Dow begins to rise, not fall throughout the fall
Not in stair step fashion, but by leaps and bounds.
Now most, as in the crowd might not understand that,
or probably wouldn't be able to rationalize that could be happening.
What about all that bad news ?
Because of the historic nature of the 10 Year Bull Market
it maybe all too fitting that the Dow takes off on one final parabolic rally to the heavens
as we meet the decade 2020 in the US.
Perhaps no one would believe it, certainly not in these seemingly very tense times
of ongoing economic trade war between the two superpowers, the US and China.
However after studying the Monthly Dow industria'ls Chart this labor day weekend
it is entirely possible in upside pattern breakout to find the Dow at 30,000,.. in 2020.
For those would would aspire to such nonsense :),
and actually take the plunge, and bet on such a scenario,
I would highly recommend that you look at Pro Shares Triple Bullish Dow ETF Symbol UDOW.
If this idea ever comes to pass,
you could triple your investment dollars,
as UDOW is calibrated for a 300% return point for point, on an upside move in the Dow Industrial Average.
I would like to close by again reminding you that the stock market
is a much more risky place financially, than most people realize.
Thus,if you decide to take the bullish leap of faith here,
by all means use appropriate trading STOPS so as to Limit Downside Risk,At All Times.
Dow Industrials Last 26403 28
See you in September.
THE_UNWIND
9/2/19
NEW YORK
.