WEALTH UNIVERSITY

[Geaux Fish]

DOW Chart 1930s to 2008

Now this is real scary. Talk about Halloween market ghost charts. Notice on the Stockcharts.com the 10 year one month chart ma-200 is at 8474 present today.

http://stockcharts.com/h-sc/ui?s=$INDU&p=M&yr=10&mn=0&dy=0&id=p53798242060&a=142476305

Notice when you click on this 1930 to 2008 chart below you will see upper and lower trends.

If you take a straight edge and put a line across the top you get 8000 area.

If you take a line on the low side you get 2700 area and huge support below here at the 1000 area.

So if the market breaks the 8000 you can see the 2700.

Will this happen or even if this is possible. Yes it can happen. Any time you break below a resistance level you will always have that chance.

Think about it look at this market been on a roller coaster for 73 Years and has just beginning to break down. Any air that the market gets will most likely be short lived. This will need conformation for sure.

So I would advise just swing for the 1 day profits or two the most.

This historical chart breaking down just does not look well and the government will not stop it from happing either.

Only time will tell what the market will bring.

GF

Here is your link to the chart

http://finance.yahoo.com/echarts?s=%5EDJI#chart4:symbol=^dji;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined