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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
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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

Monday, 8 October 2012

Dow 5 year cycle hits this week






This complements last week's post
Posted by at

3 comments:

  1. Dolemite8 October 2012 at 16:33

    http://my.jetscreenshot.com/13957/20121008-aoel-96kb.png (overall for context)
    http://my.jetscreenshot.com/13957/20121008-upi1-91kb.png (zoomed)

    Pictures of Gann angle roadmap of SnP on a monthly chart (1x1 is 1 SnP point per month)
    Blue is 1x1
    Purple is 2x1 and 1x2
    Orange is 3x1 and 1x3

    3 Lows are Jun 32(depression low), Oct 74 (major secular low), Oct 87 (crash of 87 low)
    2 Highs are Mar 2000 and Oct 2007 highs

    Currently the 2007 2x1 is providing resistance (as well as all the stuff I mentioned a few days ago in a previous post pictured here: http://my.jetscreenshot.com/13957/20121001-4hbg-208kb.jpg)

    the 2000 1x1 at around 1400 should provide good support... should we break that I would expect a fall to the 2000 2x1 at around 1250

    Feel free to steal this... I just like contributing ;)

    Regards and keep up the good work!!
    Dolemite

    ReplyDelete
  2. Dolemite8 October 2012 at 16:41

    SnP Weekly chart:
    http://my.jetscreenshot.com/13957/20121008-goey-115kb.png

    Additionally, weekly 1x1 (blue) 2x1/1x2 (purple) and 3x1/1x3 (orange) Gann lines (1 point per week) on SnP from most recent major Tops/Bottoms presented without commentary

    ReplyDelete
  3. Chartrambler8 October 2012 at 16:58

    You've been busy :-) Thanks Dolemite

    ReplyDelete

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