Dr_Gonzo
Short

Dow magic & the 1.618... why you should GTFO of the markets.

INDEX:DOWI   DOW Industrials
74 2 5
Monthly Chart. Dow struggling to break 1.618 extension of 1975-2000 run up, AND 1.618 extension of the 2000-2007 run up, AND the 1. 618 retracement of 2007-2009 crash. RSI exiting overbought, MACD crossover and divergence.
Add the HOmen indicator and things start to look like a bunch of doom.
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WOW... I just want to step in and say that's amazing. I love the 1.618 extension and just... wow.
+1 Reply
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