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DJ Industrial

Reading price charts which may give you direction in the market using established TA methodology
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oldcharlie
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DJ Industrial

#4331

Postby oldcharlie » November 13th, 2016, 12:07 am

http://stockcharts.com/freecharts/pnf.p ... 0!!2!20%5D

WoW! Still looking bullish. Note the H & S top that failed big time! It is sometimes said that a failed H & S is a warning of weakness ahead.

The S & P and the Dow are running free above previous highs unlike FTSE which is up against the big resistance of the tops in 2000 and 2007.

OC
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OwenSwansea
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Re: DJ Industrial

#14281

Postby OwenSwansea » December 12th, 2016, 9:52 am

The DJIA is now flirting with the 20,000 point level on a CAPE of 27. If the CAPE reverted to it's long term average of 16 the DJIA would fall to around 12000 points.

Just a thought!
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OwenSwansea
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Re: DJ Industrial

#14469

Postby OwenSwansea » December 12th, 2016, 5:14 pm

Very true, the Market can stay irrational longer than I can stay solvent!
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