Just remarkable and noteworthy to look at.. The DJ industrial index just arrived at a critical zone of potential resistance on a ulta long term timeframe. This is the line between betwwen the 1929 top and the 2000 top. Indeed: The two school examples of big stock market crashes.
I was wondering where the rally of the DJ industrial index came form. Just had a look at long term on a logarithmic scale chart..
This last picture is just an example of how price can behave on these long term resistance lines.. in the '60 of and '70 price had real difficulties to beat this line.. Let's see.. This is by no means a short or long advice now... But next month or two will reveal if we go higher or lower and I believe that once price is rejected from this line we can anticipate a more serious bear market. If we break the line above, I believe we can anticipate to go even much higher! Also the next months will determine how importent this 1929 - 2000 line will be in the years to come..