Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

Mike did too! This is where I start watching closely.

The Weekly Gann (marking the close of each week) showed 6/26 plus or minus one week. That meant that the turn could be last Fri 6/19, this Fri 6/26 , or next Fri.

We were on the 'up' in the Dow for weeks moving into last week. On 6/12, the Dow closed @ 8729.26

Last Fri (6/19) it closed @ 8539.73 ( a weekly 'down' )

We are now at 8472.40-- even with today's rally. If we don't exceed last week's close, the weekly chart will show two weeks moving down. That would confirm the Gann turn.

Why I'm watching this closely: Either the turn was last Friday.... or.... (as Mike suggested), the turn could be this Friday if the market rally's tomorrow & exceeds last Friday's close. Then... drumroll... it's up to the first weekly close in July to really see if the Gann signal is valid this time.