FWIW - Here is an update of the four DOW tops chart I posted on 11/6.
Outside reversal day on the 21st followed by a big down day closing on it's low. Volt mentioned 56 days - he was looking for top to bottom I think. This is 56 days top to top. History shows from this point the other 3 moves which preceded crashes had a minimum of 6 down days in a row. (not including inside days). Whilst it could put in a low in the next day or so and then run up into the July dates, for me, the similarites to the past are too many to ignore.
Cheers
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Last
8,654.9 |
Change
-102.300(1.17%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,654.4 |
| XJO (ASX) Chart |