goodguy
Long

Update on Dow Industrials. I still love this chart.

INDEX:DOWI   DOW Industrials
Six months ago I published this chart thinking we were likely at THE top. The Dow Industrials             have gone down since. Now I favor there likely soon will be one more pop up in stocks. I've noticed that the recent price action in many of the indices appears to be an expanding triangle pattern which is usually a sideways consolidation before the major trend resumes.

I can't say I understand Fib fans but as we have all seen there appears to be a secret Fibonacci hand influencing a lot of charts. What amazes about this chart is that so many critical turning points are touching these lines. Since the last posting the price has again nearly returned to one of the lines. (at 4). Still could go a little lower to hit the line. Will it bounce from there as it did from 2? It seems likely to me. I favor it all may top out at the thicker solid black line but if it does rise it also make it to the next up Fib line.

Have a great weekend and don't forget to love up your loved ones on Valentines day.


United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out