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Author Topic: $DJIA 100 Year Chart - What Do You See?
Relentless.
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What is that pattern?

Let's zoom in a bit...

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Drawing the trend lines sure does help.. But what is it?
Continuation or reversal?

Triangular patterns almost always culminate after the third peak... 99.999% of the time.

Posts: 2963 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
Peaser
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The Fed has been holding up the market by pumping in $85 Billion per month with QE3. They just announced a mere 10 Billion/month decrease come Jan. 2014. If jobless numbers decrease next month, look for the Fed to withdraw more. Get yours while the getting is good.

IMO, the Fed holds the needle!

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Buy Low. Sell High.

Posts: 10736 | From: The Land Of The Giants | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
   

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