TAS
Long

DOWI price compressing. No place to go.

INDEX:DOWI   DOW Industrials
281 8 14
DOWI             price compressing. No place to go. Acording to the count price should break up.
Comment: Price had been compressing, nice break up as predicted some time ago
Comment: 2 month great move
Tas, whats your view on having S&P and DOW uncorrelated as mentioned with IVAN below. Especially with such a large divergence between them. I know this can happen but seems odd waiting to see what plays out.
Reply
TAS artie
Thanks, answered above.
Reply
It's strange that this count doesn't align at all with your S&P500. I don't think that is possible given the close correlation due to obvious reason.
Reply
TAS IvanLabrie
I understand and agree. I only have DOWI on daily and SP on 4H so there's some difference. I am bullish on the SP also, just expecting some more correction. Agree with both you guys, the direction is the same, though not parallel in my view. Correlated yes.
Reply
Gotcha, np. It could deviate a bit due to being 500 companies, vs 30 blue chips.
Cheers.
Reply
TAS IvanLabrie
Thanks man.
Reply
Nice Buddy . Pretty good analysis
Reply
TAS eddyfursy
Thanks man
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out