Dow performed as per pattern again and that pattern suggests higher tonight but closing flat. From there it is all down.
Interesting patterns here, anything from bullish H&S to bearish lower double top or even bearish irregular correction.
But the market has rallied into the expected time frame.
I think Jaolsa had the 16th as a low and today as a high, so she might be spot on.
I was thinking 27th for a high.
I mentioned the other day the most stupid action would be for a move to alltime highs by Monday.
Couldn't happen! People couldn't be so stupid!
Look at 1989 chart below and what happenned after.
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 (20min delay)
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |