Wednesday, November 09, 2011 10:03:25 AM
DOW Charts
Here are a couple of DOW charts showing where I think price will be going in the next few days. You can use SPX with same results. The second chart DOW 1YR could be the dominate direction for the next month.
My call is based on hourly and daily stochs were extended (overbought) and that price is at or near upper trendlines. I will be looking to see if this chart aligns with SPX cycles.
Here are a couple of DOW charts showing where I think price will be going in the next few days. You can use SPX with same results. The second chart DOW 1YR could be the dominate direction for the next month.
My call is based on hourly and daily stochs were extended (overbought) and that price is at or near upper trendlines. I will be looking to see if this chart aligns with SPX cycles.
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