Dow weekly Critical backtest at 17000
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WE ARE
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PRE EXISTING T CELL IMMUNITY
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enough said–thanks!
Monthly is showing a back test also, trend lines come in at different points.
http://invst.ly/1b10e
Thanks good chart. I have this chart also in linear scale. It is over once Dow start down.
Brilliant Bikoo
You know from Rambus that this very well could be a Pending breakout (UP) Pattern
A small pattern right on an important trendline usually breaks out !
Hmmm…..
Yes I am aware of this. But no chance it will break out to upside. Yhere both bull and bear Elliott wave count in place. Once the bull wave count is invalidated GM is going down. But till then the risk is still there for Rambus optimism.
Hey Bikoo, how did you know to look as far back as you did on that guy?
Mostly thanks to Rambus and crazy Oscar at OMNI trades. Both had monthly long chart of DOW. I have continued to monitor this. when recently Dow broke below 17000 was the trigger for sell.
AND now it is back testing the break out at 17000.
Great chart and thanks for putting it up so we remember Rambuses Jaws of Life.
On a weekly line chart, the resistance line is at MA50, i.e. a little higher still.