Monday, May 24, 2010

The look of Dow

The look of love is in your eyes
A look your smile can't disguise
The look of love is saying so much more than just words could ever say
And what my heart has heard, well it takes my breath away

This is the 60_minute DJIA, still entrenched in a short-term SELL, despite market strength over the past couple of days.

Same holds true for the 240_minute DJIA, still well into SELL MODE.

I consider this the most important of the three charts.  It's a Daily DJIA that suggests the decline of the past few weeks is unfinished.  Note that there are several hundred DJIA points to go before this Daily trend is even threatened.  That's where the 60 & 240 minute charts come in, early warning systems which haven't yet been triggered.


Burt Bacharach has been married four times. His first marriage was to Paula Stewart, which lasted five years (1953–58). His second marriage was to actress Angie Dickinson, which lasted fifteen years (1965–80). Bacharach and Dickinson had a daughter, Nikki, who is now deceased (see Angie_Dickinson#Personal_life). His third marriage was to lyricist Carole Bayer Sager, which lasted nine years (1982–91). Bacharach and Bayer Sager collaborated on a number of musical pieces, and had a son, Cristopher. Bacharach married his current wife, Jane Hansen, in 1993; they have two children.


Anonymous said...

I just don't see the Dow dive that this chart seems to indicate. Looks pretty much unchanged today.

Anonymous said...

side note /

NNVC looks to be forming a triangle now at the 1.85 area.

Anonymous said...

Looking further at NNVC chart. If IT breaks in a direction from this triangle at the 1.85 area,it looks like the Upside target is around 2.20-2.25 and trendline resistance there.
and the downside target looks like the 1.40 zone .

Anonymous said...

nice call,Allan

Anonymous said...

BP is making another attempt to plug the jug on Wednesday, 26th. If successful, this might give the stock market a little bit of light in an otherwise abysmal world situation.

May 27th is full moon. Full moons typically pull silver price: lunar Ag chart.

Nasdaq has a loose correlation with silver. Nasdaq v. Ag This correlation is due to silver's essential role in technological manufacturing.

However, just as gold has resumed its role as a monetary currency recently, silver's historical place as money is lurking in the shadow.

Cat Stevens

Anonymous said...

allen,time to buy faz today?thanks!