.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.


The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday, 23 April 2011

Dow - simple trendlines,20 dema

sometimes its good to get back to basics - a moving average,simple trendlines,higher lows (or lower highs) and breaks of old tops (or bottoms) !  We still have higher lows,a rising trendline,a rising 20 dema and a break of the double top so everything points up.However the convergence of 4 trendlines to a single point is warning of the trend maturing so we need to watch the most recent trendline and be on guard should the break above the 2 tops fail

 


here is how KISS analysis could have dealt with the decline from 2007 



Posted by at

2 comments:

  1. Attitude92823 April 2011 at 13:56

    Top chart is real neat. Interesting trend line convergence at end of June. From Tony Caldaro's site: we’re expecting this uptrend to end in June between SPX 1440 and 1462." From PUG's site: "Ultimately the major [5]-P3 target is the IHS target of 1429 by mid-June." Looks like the end of June could be real interesting.

    ReplyDelete
  2. Chartrambler23 April 2011 at 14:53

    Hi Jordan yes - end June
    could also be a 1 year Gann low to high cycle although I am not convinced the market will keep rallying till then

    ReplyDelete

Subscribe to: Post Comments (Atom)