Dow Jones Industrials: Easier than Nasdaq to Trade
It looks like a lazy continuation pattern is forming back to 22393 before a good rally sets in again. This pattern will only change on any successful breach of either of the small parallels - to upside follow on successul break of upper parallel for another test of the larger parallel above.And if the lower small lower parallel is sucessfully breached on the downside it will seek support off the blue support line at 22995 - just much quicker than if it tracks within the flag. The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. The 'perfect' pattern will hold the flag fromation, zig-zagging down to 22995 on about 6th December before the great Christmas rally kicks in. Only in the event that the two parallels that form the flag are broken in the interim will volumes pick up. The three blue support lines then become the next obvious points to short from once broken. MEDIUM TERM The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for the bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. LONG TERM Long term, for what it's worth, this index should rally at least 4 X from the February 2106 low and quite easily 6 times. America has never had it so good since Ronald Reagan rode into the sunset. Happy thanksgiving to the USA. Long Term Cycle Analysis: Dow and S&P 500: DOWI SPX500: Super-long-term Chart and analysis LONG TERM Over the longer term the Dow is still expected to rally at least 4 X and quite likely 6 x from the February 20016 low at 15513 over the coming 15 https://years.https://www.tradingview.com/chart/DJI/t9MH9rbb-Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and-analysis/
Last Point: One other thing, this market is one of the best to trade, making conventional patterns, especially in continuation mode - making it muuch easier to 'read' than, say Nasdaq. Look atthe patterns - they're friendly, familiar. Are Nasdaq's? Find a friend you can trust. That would be the Dow.
"A --- 10 yr cycle high is due this yr" --- "2017"
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a. = "The smallest drop (decline) in this cycle is (9% plus --- Top October, 1937 --- Bottom October, 1937)
b. = This is the first time this 10 yr cycle did not top before the end of "October" --- "1907" to date.
"I" think there is a 66.7% chance this cycle will top before the end of the yr. --- "2017"
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c. = The "4 yr Presidential Cycle" is due to bottom next yr. --- "2018"
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d. = Cycles can be very tricky. --- (May not always work the way we think they should.)
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"This is for information only" --- "Education Only"
sumastardon
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@jeffreyjim, Who can say, except time itself? It's striking that this long pull analysis was actually done a few years ago and just updated for readers on Tradingview (read by about 3 people, the only 3 with real understanding and patience to delve into the arcane world of supercycles, so thanks at least fror bothering!) . At the time (3 years or so ago )i could'nt figure out how this paradigm shift could possibly happen, what event could occur to make a 16 year bull cycle possible/ Then Brexit happened. And then Trump happened. 2 paradigm shifts for the price of one. The reason there has been no sell off all year, even in October and November (which you will know are seasonally weak, because you take the time to understand, but only 1 in 10 do) is beacause of Trump and his salesmanship (greatest salesman since PT Barnum, obviously). Barnum sold his show, as Trump did once. Now he's selling MAGA.. So I want to Buy America. And at some point there has to be a correction of more than 3% - just not yet awhile. Time, as always, will tell. Be lucky
jeffreyjim
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@sumastardon, There is many, many yrs of "Information" on one post. ---- and it is "FREE"
"I" thought "MOST" but not "ALL" of the youg people want everything for "FREE" --- (51% or better)
They will learn "FREE" is not "FREE" --- It will not be very pretty down the road in a few yrs.
" Check out --- USdeptclock.org " --- The clock is ticking.
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This is for information only. "Education Only"
=========================================
a. = "The smallest drop (decline) in this cycle is (9% plus --- Top October, 1937 --- Bottom October, 1937)
b. = This is the first time this 10 yr cycle did not top before the end of "October" --- "1907" to date.
"I" think there is a 66.7% chance this cycle will top before the end of the yr. --- "2017"
===============================================================================================
c. = The "4 yr Presidential Cycle" is due to bottom next yr. --- "2018"
===============================================================
d. = Cycles can be very tricky. --- (May not always work the way we think they should.)
===============================================================================
"This is for information only" --- "Education Only"