The tipping point….

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Well. is this it finally?  Could be as we will see further down.  No question the SPX has made a higher high and has pierced the uppper trendline.  Given…

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Measured move…

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424   Our esteemed colleague Jack Schannep (thedowtheory.com) has reminded us of an old technical analysis method -- that of taking a wave finished by an (effective) bear market, measuring…

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