Hots - you wrote"I was a McLaren subject for 12 months.WD Gann...

Hots - you wrote

"I was a McLaren subject for 12 months.
WD Gann died bankrupt.
Hots called the DOW top on the 19th July.
But whatever feathers your nest.
Nailing bottoms are alot easier haha."



I remember suggesting the likely DOW top years ago, and found my post and chart to prove it.... not that it really matters that much to me, guess I just have a problem with your attitude............. There are some very clever traders here, including the ones you are bagging. A little respect please mate.......



Subject: re: the dow(weekly chart)

Posted: 09/01/05 15:32 Hotcopper Radio: N/A
Posted By: commy Views: 43
Post #: 92489 (In Reply to msg #92488 from commy) Sentiment: None
IP: 210.84.xxx.xxx Voluntary Disclosure: No Stock Held
Howdy Amory
Well the DOW is possibly showing signs of embarking on a leg up from here.... in stark contrast to my comments last time on the DOW. I thought the down channel would keep a lid on the index - but it broke through (will concede that it is not convincing on the daily chart yet)
I have included a weekly chart of the DOW and have spotted what could be the beginnings of a reverse head and shoulder pattern. If this pattern completes as the theory states then we could eventually see 14000 on the DOW??. (is a big call I know but....I noted that a previous reverse head and shoulder pattern occured in 1998 and the index proceeded to hit the projected target- and then even went slightly higher)
The weekly MACD is still bullish, the other indicators are more difficult to assess on a weekly basis I find.
There is of course many resistance points along the way (previous highs) but as always time will tell...

Cheers

Commy