Most Investors Sell At The BottomThe chart ultimately proves the statement: "Most of the investors sell at the bottom". Think about it!
Best
CapitalHubs.com
DIA trade ideas
DIA forecast through year endThis is a purely technical guesstimate for how the market will advance given the pschological, sentiment, monetary, economic environment as I analyze it. The waves are just guesses based on market reactions to visible support and resistance levels. I "saved" this yesterday with the DIA at 128 and now with the market back up to 129.70, it appears that the support level down at 124-120 appears solid and it shouldn't be tested for at least another 10 weeks.
The important element of this chart is the amount of time that has been spent prior to the breakout rally. The more time and accumulation, the bigger and longer lasting the rally. All the while, even though VIX has been low indicating complacency, equity mutual fund outflows have been strong which continues to show fear. Now that we are one day into earnings reporting season and the trend is positive.
Cheers. Technical Tim April 12, 2012 3:59PM EST
DIA Dow Jones Industrials forecast refreshed but untouchedI updated the data, but didn't change any of the forecast lines. The market is eerily tracing out the pattern.
DIA forecast still in tact I have made no changes to this chart. I only added updated price bars by hitting the "make it live" button.
