Dow Bearish Gartley
We now have nearly perfect configuration. All that needs to happen is for prices to fall to confirm. Details…..details 😉
We now have nearly perfect configuration. All that needs to happen is for prices to fall to confirm. Details…..details 😉
Love it.
also note the generally decreasing volume on this rally. short covering rally?
I did notice the volume Spock and meant to point that out too. Thanks for mentioning.
This is as perfect as one gets. Lets see if Market begins to react next week. Bias should be to down side.
But “Mr Time” (or a simple Gann analysis) tells us that we are at a HIGH
09-13 Oct HIGH (NM=12 Oct, SD=15 Oct)
We should now move into a LOW
26-28 Oct LOW (FM=27 Oct, SD=26 Oct, FOMC=27 Oct
Another rare opportunity to buy for the long term portfolio!
All roads lead to Rome? It will be interesting to see if your time analysis converges with this chart pattern. With the exception of one small down day (with still a higher high and higher low, just not higher close), we’ve had 9 straight days up. If anyone has read Thomas DeMark’s probability work, we may have some derivative of the Power of 9 creating a turn as well.