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Dow and trannies red alert for many, page-5

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gse1963

9,485 Posts.

1

10/03/15

08:42

Post #: 14886306
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Originally posted by gse1963 ↑

Still half hr to yanks close but it is a given it will be a red week for 90% plus of all yanks indices and many commodities .

If the pattern continues the 3rd week down is often a come back week so quite possible next week will smash or break the lows of the last 2 weeks and then bounce back to a doji ,green or even a small loss for the week . Week three off a high is difficult . March is a pig of a month as mentioned .

Utilities being our guide now which got smashed 3.4% last night at a guess using 3 different methods to measure it could get as low as 542 or 543 before the next major low which guessing will coincide with a dow /spx low and then we look for the next high in dow /spx which could be an ultimate high and a lower top in util .

The above posts are not a definite but it looks about right based on current trends but but but

Cheers g

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Hadn't thought of using this method but looks like yanks util index does have a habit of playing funny numbers just like most indices . 657 and 567 are related . I would of thought 543 area would be stronger than 567 but that is still a long way south but am guessing it will be significant if it ever gets there . http://stockcharts.com/freecharts/gallery.html?$UTIL
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