Possible target for the Dow...top could be around 13000
6470x2 = 12940
repeat of 1879 range = 13112
Gann 25% plus 10430 low = 13037
ave price of 3 Gann targets 13034
I am guessing a high Monday or Tuesday but
use swing charts at resistance levels .HL = buy LH = sell.Let the market tell you what it wants to do.
We are 35 months from the low ,same as happened after the 1934 low when the market also doubled before resuming the bear market for 7 years
6470x2 = 12940
repeat of 1879 range = 13112
Gann 25% plus 10430 low = 13037
ave price of 3 Gann targets 13034
I am guessing a high Monday or Tuesday but
use swing charts at resistance levels .HL = buy LH = sell.Let the market tell you what it wants to do.
We are 35 months from the low ,same as happened after the 1934 low when the market also doubled before resuming the bear market for 7 years
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HELLO CHARTRAMBLER;
ReplyDeleteI SEE YOU PICK UP ON WHAT GANN WAS TEACHING YOU FROM YEARS BACK !
YOUR ABSOLUTELY RIGHT ON . WE WELL HAVE TO WAIT JUST A FEW MORE HOURS , ANOTHER 5 HOURS FROM WERE I AM AT AND THEN WE MIGHT SEE WHAT THE MOVEMENT THAT THE DOW WILL MAKE.
I WAS LOOKING BACK ON THOSE DOW CHARTS OF 1934 TO 1942 AND NOTED THAT WE WERE IN THE SAME SORT OF TIME FRAME AND WAS SOON GOING TO BE RIGHT ON IT FOR THE 1936 HIGH THAT MADE THAT TOP TIME WISE AND THUS BEGIN THE LONG SWING DOWNWARD BACK THEN .
I ALSO THINK THAT THE PROBLEMS IN THE MIDDLE EAST, AS THOSE OF SOUTHERN EUROPE WILL BEGIN TO INCREASE BEFORE TOO MUCH MORE TIME WILL HAVE LAPS AND THE LAW UNINTENDED CONSEQUENCES WILL ONCE MORE STRIKE UPON THE U.S.A. AND THE WORLD AT LARGE .
HANG ON , IT'S GOING TO BE A BUMPY RIDE.
LOL TO YOU . D-KNOX.
Hi D.Knox.Yes was looking at some Gann numbers yesterday and the levels all seem to come together.We just have to wait ! The level of capitulation is striking !
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