weekend charting elevator week 7th may, page-31

Really interesting couple of weeks .I'm immersing myself in Point and Figure this weekend as the DPO (Dow Primary Enhanced Income Fund) gave a clear reversal sign on 6 May using P and F. It was as if the big fellas knew what would happen on the 7th. Fat finger, my foot!



If you look back on the this over one year with on Balance Volume you can easily see how little new money relatively was going into this really huge US fund. Its easy to see also how it was pulled early Jan and how it has you could almost say 'led' the market.
A wise soul alerted me to the DPO - its now on the top of my watch list. Thanks mate. A



Now for a bit of bear hunting! (must be some honey somewhere)