Wednesday, January 19, 2011
The Daily Dow, Weekly Dow And The End Of A Journey
The Dow is barging ahead to complete its last leg up.
From the bottom of June/2010 count 5 legs up. You
will see that Leg5 is almost equal to Leg1 in size.
Also notice the negative divergence between the current
price and the indicator underneath the price.
The Pattern is almost complete but still needs more time.
Now look at the very top chart (weekly) and once again you
will see a Negative Divergence. Still needs more time to complete
and turn down and when it does that will be the beginning of the
next hugh leg down in the Markets and Global Markets but worse
than the led down beginning in mid 2007 and ending Mar/2009.