Very long term chart of the Dow Jones Industrial Average.
This chart is NOT a prediction ... Just a warning ...
It shows a clear left shoulder, head, neckline ... but still no right shoulder ...
The good news ? Bullish divergence from the MACD
The bad news ? Well, just read the financial press ...
Gut feeling/Intuition says ; get ready for a pull back ...
Biggest crash on its way ? No idea, but that chart looks scary ...
6 comments:
so if you use the top of the head to the neckline - this would project the market would go to zero - lol
Moshe, the chart shows a bearish divergence. See: MACD at 2000 vs MACD at 2012, it is lower. While price at 2000 vs 2012 is higher. That's a bearish divergence.
totaly agree with mika ! MACD BEARISH TOO !!! But totaly agree with you : it is scaring !!!
Feng shui says market will start to crash in Oct 2012.
Fengshui did say that we would see a financial tsunami in 2008 and we did.
US and Europe are in a 20- year bad luck cycle from 2002 to 2020. We are now in the middle of it. It will end in 10 years time. Does this sound the same when you look at the economist data?
Sell your shares by Sep 2012 !
Dr Bull.
The Fed is also seeing this bearish pattern
Sorry, that should read:
MACD at 2012 vs 2000 is lower, while price at 2012 vs 2000 is higher.
A bearish divergence.
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