Yep, very difficult to predict at the moment.
Perhaps my explanation wasn't clear. Dow Jones theory is obviously the framework.
ie. Phases of the market, what makes a trend, Transport in relation to Industrials, perhaps other sectors, accumulation/distribution etc etc.
And sure, then TA has generally built on that.
I spent a few years in the ATAA as well , but generally developed my own MO after that. I've settled on what generally works for me,, ie standard support , resistance, trends, the patterns that these all make.I'll always have volume, MACD and Coppock as my standard chart setup on a log scale.
I always look at daily, weekly, and monthly's. And tend to trade trends.
Unless it's changed, 'they' generally adopt their systems for indices and real companies. (ie companies making and selling things, not juniors and explorers)
Perhaps that's changed now, with the advent of black boxes/algo trading etc.. (I'm a little out of touch with the mainstream)
Bringing up Dow Jones is a timely point. I think we've entered or about to enter a new general industrial phase.
My bets (literally) are on a fall.
(PM's might just hold , though?)
Take my views with a grain of salt, though.
Anyone that claims to be correct all the time is lying.
As mentioned, I simply try to put the odds in my favour, and win more than I lose.
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