Some readers have been asking for my key reversal levels for other markets and indexes. Here they are for a selection of countries. Read my earlier posts to understand how to use these tables, see here. Here are the weekly keys: Weekly Current BB Key (W) MoM (W) Weeks % Ch Australia (AORD) 5,321.01 5,047.11… Continue reading Markets around the world
Tag: Dow Jones Industrial Average
The case for Dow 32000
If you look at a long term chart of the Dow Jones Industrials it is interesting to see how symmetrical the advance since the 1932 depression lows has been. You could turn the chart upside down around a point in late 1974, and it would look almost exactly the same. This chart lines out some… Continue reading The case for Dow 32000
Dow Jones: high correlation with 1920s continues
This is a follow up article on a topic I addressed in early June, see: What parabolic peak? The Dow Jones has kept climbing to new record highs, and this is how the comparison with the post-depression bull market in the 1920s has evolved (click for larger image): The correlation has actually increased to 0.84… Continue reading Dow Jones: high correlation with 1920s continues
Quick mid-week update
Yesterday gold closed below its daily key reversal level, which puts it in decline mode again. This means gold could now go on to retest the June lows. The daily key reversal for gold is now at $1315.30, so it takes a close back above that level to switch into rally mode again. Stock markets… Continue reading Quick mid-week update
Why Dow 16000 will be sold
Investors are wondering why the US stock markets keep going up, no matter which news hits the wire. Every sell-off seems to be bought, and traders who tried to bet against this market are probably getting very frustrated by now. I think this market will not go down before the Dow Jones Industrials has crested… Continue reading Why Dow 16000 will be sold
LunaticTrader 