Dow Jones - YM1! at decision point
Updated
Attaching the lines to the closes of the bars.
This is a technique Allen Andrews was teaching when using the Mini-Medianlines. But I find that specially in the longterm Charts, there's often value in this style.
Dow is now at a decision Point at the Centerline.
From here, up or down is possible. But from the past stats we know that there's a good possibility that we turn south from here.
Let's find out and observe.
This is a technique Allen Andrews was teaching when using the Mini-Medianlines. But I find that specially in the longterm Charts, there's often value in this style.
Dow is now at a decision Point at the Centerline.
From here, up or down is possible. But from the past stats we know that there's a good possibility that we turn south from here.
Let's find out and observe.
Note
As we see, the L-MLH is decisively broken.If you're not in on the dayli yet, you better wait for a pullback. Never ever chase a stock.
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