3 replies to this topic

[Mr Dev]

I released this Long Term chart to friends last week as _~ MrDev's 2015 . . . DOW CHART WARNING ~ with a number of concerns

as we head into the beginning of next year.

on the chart and below ive highlighted a few of my concerns along with reasons for lower targets.

1ST.. Oscillator Warning ((Both Resistance area Highs & Diverging ))

2nd .. Expanding triangle (Mega-phone) support underneath a Topping High V~Dip Recovery & Breakdown (see 08 High V~Dip Recovery
followed by the Breakdown

3rd .. 2009 Low Trendline Break and ... Back Kiss of Death .

4th .. 2008 High Support area could become a target .

I'll add more thoughts as things develop ... im kinda of rushing this because of my time... but i dont want it to sit around much longer.

Edited by Mr Dev, 07 December 2014 - 03:44 PM.

[jmicou]

In looking at long term charts, you might want to look at the healthcare index or xlv. The upward price distortion may have elevation due to Obamacare, but it has some extremes. It has been a sector leader, too.

[Mr Dev]

hi jmicou, yes i know its high. ive seen it as well as the transportation sector which i watch more closely but i dont trade either of them specifically so my work focuses in other areas.

[Mr Dev]

I released this Long Term chart to friends last week as _~ MrDev's 2015 . . . DOW CHART WARNING ~ with a number of concerns

as we head into the beginning of next year.

on the chart and below ive highlighted a few of my concerns along with reasons for lower targets.

1ST.. Oscillator Warning ((Both Resistance area Highs & Diverging ))

2nd .. Expanding triangle (Mega-phone) support underneath a Topping High V~Dip Recovery & Breakdown (see 08 High V~Dip Recovery
followed by the Breakdown

3rd .. 2009 Low Trendline Break and ... Back Kiss of Death .

4th .. 2008 High Support area could become a target .

I'll add more thoughts as things develop ... im kinda of rushing this because of my time... but i dont want it to sit around much longer.

OLD CHART LINK CRASHED so OLD CHARTS ARE BEING REINSTATED SLOWLY .

i thought this one was THE MOST IMPORTANT