I'm away from home on another computer, but noticed that the first chart I posted this morning at 9.15 showing the DJIA going from bear to bull flag and overriding bullish wedge is not there....and in its place is one I posted later showing volumes.
Don't know how that could have happened because I did that second chart after i posted the first one. So, I'll repeat it here. The original text I've cut and pasted below the chart.
Is the DJIA in rally mode or a three-day wonder?
We'll know tonight or Monday. My observation is the bear flag which formed from the August low has now morphed into a bull flag.
Together they have formed a very bullish descending wedge.
From August, indicators have topped out at very low bear levels, and the topping out happened in the RSI last night.
So....either the bottom is in, and we continue into a rally lasting into early next year...
Or a lower low will form as the descending wedge plays out over a week, and THEN the rally starts.
If DJIA doesn't convincingly break that white upper trendline tonight, the wobbles are in
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I'm away from home on another computer, but noticed that the...
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