TVC:DJI   道琼斯工业股票平均价格指数
61 0 3
No high or low on 5/19 - simply sound and fury. Much fear, then greed, and little to show for it. No matter, time is endless...the wheel never stops turning. The next important cycle I've got is 6/2. Can't point to a high or low (though I suspect it starts with an l.)

Here's an Alan Andrews side method. Notice the two black lines forming a channel from 11/4/16. Price convincingly broke the bottom, gapped through no less, and has maintained its "below" place for three days. It must punch through the trendline to regain the channel; sure it can hug the line upwards, but it would validate a more anemic outlook. Anyway, Andrews cited an "action/reaction" line mode where a channel width is replicated, bull or bear. (Others might call this an Andrews' "warning" line, but I think it fits the A/R.) The idea is that price could drop to anywhere on the line and bounce.

The fuchsia (I dunno, I have color problems) line drawn from 3/1 to the 4/19 low and to the A/R spot dates to 6/2. Hmmm? I know that from somewhere. It doesn't necessarily prognosticate price - yet it could. To stay away from the A/R, the Dow has to pierce the yellow resistance line, having touched it already four times. Will it eventually give up to gravity?

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