fxtrader66

DOW Multi-Year Consolidations and Multi-Year Rallies

INDEX:INDU   DOW Industrials [Test]
194 0 3
I am posting this chart more for storage of an idea than a trade setup. - DOW log chart

Looking back on the DOW, it seems the market goes thru periods of multi-year consolidations before breaking out to multi-year rallies. If this is what is happening now, then the markets could have an extended rally leading to highs and another multi-year consolidation period.

Looking at previous multi-year rallies there will be 14% to 20%+ corrections - chart 1 - chart 2 However, the corrections could be bought and could continue to push the markets in an upward trend into a multiyear top.

IMO             , as long as investors continue to try and call a top or believe a correction is a market crash and go aggressively short, the market could continue to squeeze higher.

I am probably in a very small camp with this idea but looking left of the chart, why would this period be any different? I do believe we will see a good correction after this current run up, but not a crash.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out