jangseohee

Standing on shoulder of Giant

INDEX:DOWI   DOW Industrials
104 0 1
Long before candlestick and bar chart were created, i learnt that our ancestor technician used Kagi, Renko and
Point-And-Figure chart
I just add another overlapping indicator of default setting - Bollinger Band and I excluded the data before 1998 because it distort the band due to the inherent nature of the scale
By simply joinning top to top, bottom to bottom...

Observation:
from the 2009 bottom, trendline has transited twice and getting steeper.
If the uptrend resistance line holds true...that means we are indeed going to see yet another high most probably around the highlighted junction.

17534 by end of Oct?

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