Alternative Path

[gdl]

Have a working theory using the DOW. Pattern has been seen that points to a monthly reversal and on the 12th of each month for several months in a row now. 12/12 we had a decent reversal, 1/12 another, 2/12 yet another. 3/12 and 4/12 were also sharp reversal points. Each time the 12th of the month signaled the last directional move before a major reversal. I can assume that tomorrow we see a drop that is the last major drop before some sort of recovery that lasts maybe to 6/12? That would require either a resolution to the debt crisis or a pushback till the 12th.

Lets see if this pattern hold true going forward.