hehe

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

INDEX:DOWI   DOW Industrials
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.

http://thepatternsite.com/diamondt.html

http://www.investopedia.com/articles/technical/04/050504.asp
The force was so strong it did not even reach the top side of the diamond... (just like.."ahhhh screw it, ill dive now")
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hehe 2use
...I'm not looking for perfect patterns,
+1 Reply
Diamond Top makes sense at this stage in the market for Large Cap stocks
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hehe QuantitativeExhaustion
I'm still looking solutions for wave 4.
+1 Reply
Well we often get violent volatile moves out of Diamonds. Usually the first big outside move from the diamond pattern is a headfake
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hehe QuantitativeExhaustion
Exactly!
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hehe hehe
So ... the first move was a fake?
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If it was a "Diamond Top" maybe, but if it wasn't?
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hehe andrius.lietuvis
...IMO - it was #DT ...distribution continues.
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Ola Amigo ! ... nice chart ... very nice
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