4-digit Dow (DJIA) - SHORT; Let the (long!!) descent begin!As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're in luck. Just (continue to) SHORT the DJIA/Gold Ratio that is already well on it's way, still with miles and miles to go (down), with no end in sight. Here is that post;
Djiasignals
DOW JONES The striking bullish consistency of the 1D MA50DJIA is trading on a Channel Up on the 1D chart since late May. This pattern has made two exact Higher Highs and Higher Lows. I want to talk about the importance of the 1D MA50 (blue trend-line) not just within this Channel but even before.
As you see since May 04, the 1D MA50 has been tested 8 times. 7 out of those 8, it held and initiated a rise (at least of +4.00%). The only time it failed was on September 21, but still the price made a rebound on the Higher Low of the Channel Up, keeping it still valid.
The Lower Highs trend-lines play a significant role here. Even before the Channel Up, when Dow Jones broke above a Lower Highs trend-line after the 1D MA50 held, a very strong rally started.
Do you think history will repeat itself? Feel free to share your work and let me know in the comments section!
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