DOWI price compressing. No place to go.

DJ:DJI   道琼斯工业平均指数
281 8
DOWI price compressing. No place to go. Acording to the count price should break up.
评论: Price had been compressing, nice break up as predicted some time ago
评论: 2 month great move
Tas, whats your view on having S&P and DOW uncorrelated as mentioned with IVAN below. Especially with such a large divergence between them. I know this can happen but seems odd waiting to see what plays out.
TAS artie
Thanks, answered above.
It's strange that this count doesn't align at all with your S&P500. I don't think that is possible given the close correlation due to obvious reason.
TAS IvanLabrie
I understand and agree. I only have DOWI on daily and SP on 4H so there's some difference. I am bullish on the SP also, just expecting some more correction. Agree with both you guys, the direction is the same, though not parallel in my view. Correlated yes.
Gotcha, np. It could deviate a bit due to being 500 companies, vs 30 blue chips.
TAS IvanLabrie
Thanks man.
Nice Buddy . Pretty good analysis
TAS eddyfursy
Thanks man
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