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$INDU Daily Chart Review


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#1 Geomean

Geomean

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Posted 27 July 2012 - 04:28 PM

A close above 12888 Monday (close today 13075) would trigger the signal. It also printed a TD Trend Exhaustion™ signal (Friday) and it closed at the TD Supply line (resistance).

Also other indices at significant TL resistance and harmonic levels..

The proposition that new highs can be reached was put in doubt when the Hirsh 45day VTL for SPX was broken on the 24th, which would be a left translation.

It's only a coincidence that today was the Bradley peak. :lol:

I took a starter short position @ ES 1384, the TD Supply Line ™ on the daily. The daily close also printed a TD Trend Exhaustion™ signal on ES.

This position is also consistent with the VLT chart posted earlier and the 1.618 monthly fib time crash signals and the $DAX TDSEQ countdown 13 sell signal printed yesterday..

The chart below has some cycle, lunar, and daily fib time markers superimposed.

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