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
Nice Buddy . Pretty good analysis
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TAS eddyfursy
Thanks man
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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.
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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.
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Gotcha, np. It could deviate a bit due to being 500 companies, vs 30 blue chips.
Cheers.
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TAS IvanLabrie
Thanks man.
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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.
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