Dow’s Parabolic Support
When doing parabolas one doesn’t know a parabolic rise is working until the 4th hit of the parabola shows support.
I zoomed in to the chart I showed yesterday. I made the connections the best I could. Dow’s hits are virtually perfect for this parabola and hit 4 held right where it should.
Parabolic support can be strong. Also, one doesn’t want to see it break or the next big fall could happen… but in the meantime those looking for good support, which allows for a good stop and low risk entry, it doesn’t get much better than this.
The next run is going to be one for the ages!!!
So melt-up still on table? Sweet!
See my chart above – a good run in the general stock market is exactly what gold bugs want right now.
yep.. and silver!