http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=2&mn=3&dy=0&id=p21251836326&a=227822935 Here is a spectacular view of the great trend since Mar 09. The Basing Point stops we have been discussing recently are better illustrated here: Reading down, V2 new…
And of course the Dow chart and stops are the touchstone for all indices. And also for individual stocks. Thus, if the the Dow stop is hit you should be…
This is not quite as extreme as it seems. It's an hourly chart, but it dramatizes the last two trading days. Extreme power bars -- daily moves of more than…
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=9&dy=0&id=p05122701352&a=223624367 59 days, 1302.03 points, 11.91% (#3). This after the laughable November downwave (2) (which mainly served as a point to give us a reasonable trendline.) This after a 50…
After looking at these issues last letter and seeing some cracked and broken trendlines curisoity drove us to look at the 5 year charts. What we got out of that…
